AITomasz Tunguz4 days ago
Revenue per Megawatt & The AI Model Factory
3 min read
Anthropic's revenue hit $50 million per megawatt against a $10-15 million compute cost, swinging gross margin from -94% in 2024 to 40-50% in 2025. The company booked its first profitable quarter with $10.9 billion revenue and $559 million operating profit. GLM-5.3-Flash matches Claude Opus 4.8 at 90-97% lower cost.
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