72b of that 80b is an increase of the estimated fair value of some debt instruments, funnily enough because Anthropic's valuation has increased.

IMHO, it serves as an incentive for creditors to keep the ship afloat, rather than pulling the plug. No guarantees, but interests are better aligned.

Revenue-wise, it's on the right trajectory.. However, infra investments will eventually have to match the revenue they generate.

They might also start pulling rabbits out of their hat with meaningful economic value beyond writing code and sorting emails ... solve male pattern baldness in rich white men and you're golden 🤣