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AI Accounting

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The $80 Billion Mirage: Anthropic and the Financial Physics of AI

18 min read

Anthropic reported an eye-watering $80 billion loss in the first half of 2026, triggering widespread panic in tech markets. But is this figure real, or just creative accounting masking the brutal reality of AI's cash-burn? In this deep dive, we explore why foundational labs are bleeding billions, ho