https://giftarticle.ft.com/giftarticle/actions/redeem/8d9e1caf-3d16-4fa4-8542-be3754329db9
A good piece from FT. I have another question: are those "ARR" numbers really reliable? ARR means "Annual Recurring Revenue". However, customers don't sign long-term contracts with these companies (risk written in Anthropic IPO prospectus), and customers can easily flip models as they want to optimize values-cost ratio. Is the revenue really "recurring"?



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