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Anthropic raises $13B Series F

(www.anthropic.com)
585 points meetpateltech | 3 comments | 02 Sep 25 16:04 UTC | HN request time: 0s | source
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usrnm ◴[02 Sep 25 16:23 UTC] No.45105203[source]▶
I feel like the money itself makes less and less sense these days. It's just numbers that are becoming increasingly detached from the real world
replies(9): >>45105400 #>>45105471 #>>45105483 #>>45105548 #>>45105579 #>>45105803 #>>45105863 #>>45105974 #>>45106999 #
fullshark ◴[02 Sep 25 16:33 UTC] No.45105400[source]▶
The real world sees no other opportunities for outsized returns. Too much money chasing too little opportunity.
replies(2): >>45105489 #>>45105724 #
marcosdumay ◴[02 Sep 25 16:54 UTC] No.45105724[source]▶
That's what wealth inequality does.
replies(2): >>45105804 #>>45105879 #
wagwang ◴[02 Sep 25 17:05 UTC] No.45105879{3}[source]▶
No that's what low interest rates does
replies(2): >>45105962 #>>45106231 #
Printerisreal ◴[02 Sep 25 17:27 UTC] No.45106231{4}[source]▶
No that's what PRINTING fiat money does. Low or high interest rates, they print $trillions
replies(3): >>45106493 #>>45106757 #>>45106825 #
arcticbull ◴[02 Sep 25 17:43 UTC] No.45106493{5}[source]▶
Who's "they"?
replies(1): >>45106748 #
Printerisreal ◴[02 Sep 25 18:01 UTC] No.45106748{6}[source]▶
Governments, CBs and investment banks. "They" do it and work together to print more.
replies(1): >>45106858 #
arcticbull ◴[02 Sep 25 18:08 UTC] No.45106858{7}[source]▶
In a centrally banked economy, retail and commercial banks create money when you take out loans. The government doesn't create money except during QE which only happened twice in the US, 2009-2014 and 2020-2021. That's why I was curious what you meant by "they." The Fed has been actively destroying money for the last 4 years.
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wagwang ◴[02 Sep 25 18:23 UTC] No.45107050{8}[source]▶
The amount of money banks create is determined by the appetite for credit which is determined by the interest rate. The fed has not been actively destroying money, they are at most slowing the rate of the increase of money.
replies(1): >>45107111 #
1. arcticbull ◴[02 Sep 25 18:28 UTC] No.45107111{9}[source]▶
They influence creation of money by adjusting the short-term interest rate which influences the demand for borrowing at commercial and retail banks. It's not that direct or straight-forward though, because they only have control over the short end of the yield curve not the long end. The long end of the yield curve has interest rates defined mostly by inflation expectations. If they dropped rates to 0% overnight it probably wouldn't move the 30Y yield all that much -- it might even raise it because of the expectation lower short-end yields would raise inflation.

The Fed doesn't have nearly as much control as folks think.

The Fed directly created money during QE and they are directly destroying it during QT. There's a net add, but that's mostly because the economy is growing, which creates new demand for money as expressed by demand for debt.

The money supply staying fixed or shrinking is a non-goal anyways. It's irrelevant. What matters is inflation as measured from the change in actual prices.

replies(1): >>45113966 #
2. Printerisreal ◴[03 Sep 25 09:54 UTC] No.45113966[source]▶
they lie about real inflation, everywhere
replies(1): >>45117844 #
3. arcticbull ◴[03 Sep 25 16:39 UTC] No.45117844[source]▶
They really don't. You can run the numbers yourself. All the prices that it's computed from are public, the methodology is public and it's dead easy to backtest. Dead. Easy. (1 + (Inflation / 100)) ^ (Years). Inflation would be the dumbest possible thing to lie about because it's so damn easy to check.

The conversation always goes like this.

You: "The government is lying about inflation!"

Me: "Ok, what rate do you think it's actually been?"

You: "10%!"

Me: "So you're telling me inflation over the last 30 years was 1700%? So prices are now 17X higher than in 1995? You sure?"

Then we look up historical prices like this.

https://www.tasteofhome.com/collection/this-is-what-grocerie...

In 1995 ground beef was $1.49/lb.

Bread was $.89/loaf.

Eggs were $0.92/doz.

Milk was $2.50/gal.

idk if you're shopping at Erewhon but where I shop ground beef isn't $25/lb, bread isn't $15/loaf, eggs, well, you got me there lol, and milk isn't $42.50/gal.

Unless the conspiracy is far bigger than we think, or "they" are everywhere, whoever "they" are, I think it's safe to assume that inflation numbers have been pretty accurate.