Why Anthropic Raised $141B and Still Holds ~$132B

What Couch Investor said in this video:

• Other●neutralmid-termThe host says the interesting story is how little capital Anthropic consumed, posing growth, margins, or compute commitments as what IPO buyers should obsess over, without stating a direction.Source
• Other●neutralmid-termThe host argues Anthropic's $80.7B GAAP loss is mostly a $72.4B fair-value accounting mark, not cash leaving the business, with the real operating loss only $693M.Source