Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Except


Summary

Anthropic has made history by reporting its first profitable quarter, with Q2 2026 revenue soaring to $11.5 billion and positive adjusted operating income. This unprecedented achievement for a frontier AI lab directly refutes the long-held skepticism that such companies could never turn a profit due to escalating compute costs. Unlike mere run rates, these are booked sales, totaling $16.2 billion for the first half. The company's strong gross margins on API sales indicate previous losses stemmed from investing in future model training, not from unprofitable products.

Chuckle. On what accounting metrics. EDBITA?

" ... . At $11.5 billion a quarter, the margin coming in finally overtook the spending going out, at least on the adjusted basis the company disclosed. ..."

'adjusted basis'.

There is an old Charlie Munger quote: “I think that, every time you see the word EBITDA, you should substitute the words '******** earnings.'”

Whjat want is al the three-card-monty financial maze spelled out in non hocus pocus terms. Gross margins are different than real actual profit margins.

There are lots of Wall St hand waving at hocus pocus , 'adjusted to ignore real business expenses' foundation for valuation.
 
Apple delayed Siri’s brain for years, finally gave it one and immediately put its cognitive abilities behind the paywall.

Because apparently the most innovative thing in AI is charging customers to make their $1000+ iPhone less stupid.
 
When you offer something for free, you know there’s going to be a few who are going to abuse the service. As Apple stated, the fee will be for people who make extensive use of the cloud models. Most users will never need to pay anything, whether all their requests are handled on device or in the cloud.
 
Apple delayed Siri’s brain for years, finally gave it one and immediately put its cognitive abilities behind the paywall.

Because apparently the most innovative thing in AI is charging customers to make their $1000+ iPhone less stupid.

It’s not immediately behind a paywall. All on-device is completely free forever. Apple is just limiting daily use of their cloud models. You will have to pay if you want to use it extensively.
 
  • Like
Reactions: Brenster
I have Apple One Family. This plan does include iCloud+ 200. With a little luck this plan will be sprinkled with a little extra Apple Intelligence usage.

If I am stretching my luck my family members will have access to higher tier Apple Intelligence too, versus just the primary account holder.

At the end of the day, if CarPlay texting can understand me better without a plan, color me happy.
 
I dont have to worry about it for maybe 2 years since Apple is so slow to implement new languages. Same situation the last time siri came out. I think it took 4 years. My language is Norwegian and if someone asks, the country is not part of EU. Apple intelligence is out in norwegian though, but I think I have to wait a long time for Siri.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.