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Birdie_OKX
Anthropic's prospectus puts the frontier-AI trade-off in unusually clear terms: $4.59B of 2025 revenue and roughly 12x growth sit beside over $8B in operating loss and $7.33B of compute spending.
The key question is not whether demand exists; it is whether margins can mature before long-dated infrastructure commitments turn scale into rigidity.
#AnthropicIPOReality
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