04 / 11 · Misconception #2: The $42 Billion Loss
The $42 Billion That Wasn’t Cash
As Anthropic’s valuation climbed, the IOUs it had sold grew with it, and $34 billion of that growth landed in the loss as an accounting charge. The cash never moved.
From the article Inside Anthropic's $518 Billion Bet →
Tap to enlarge SourceLoss, charge, operating loss and cash: Anthropic’s draft IPO filing, as reported by Reuters. Valuations: Anthropic.