Anthropic spends 42% of inference compute on subs generating just 10% of revenue
teortaxesTex · x · 2026-10-06
A widely shared analysis built on SemiAnalysis's subscription limit-testing report: Anthropic dedicates 42% of inference compute to subscribers, yet subs generate only 10% of revenue ($583M/mo against a $70B ARR run rate).
By contrast, if OpenAI draws 30% of revenue from subscriptions (it was 50% in July before B2B growth diluted the share), OpenAI would be spending 20% more compute serving subs than Anthropic spends on all inference. This explains why OpenAI shut its $200 tier and keeps cutting quotas. SemiAnalysis limit-tested plans from Anthropic, OpenAI, Meta, xAI, MiniMax, Moonshot, Cursor, and Cognition, concluding Anthropic subs offer 5x+ more value than OpenAI's.
More from Venture
- 70% of software buyers still visit your site after AI search — 4 pages that matter — daluoseo · 2026-11-15
- Jack Clark urges Congress to crack down on chip smuggling, cites $390M Singapore scheme to transfer servers to DeepSeek — basedjensen · 2026-11-15
- Asymco: Nvidia's 60% Price-Target Cut Exposes Structural Weakness of Concentration — asymco · 2026-11-15
- After 10 years coding, he was replaced by Claude — so he opened an AI-run marketing agency — Fluffy_Lie6789 · 2026-11-15
- EU needs €500bn AI investment, von der Leyen says, to cut reliance on US and China — TobyWalsh · 2026-11-15
- Anthropic's 85% gross margin makes its lead unassailable while OpenAI burns $10B a quarter, says analyst — deedydas · 2026-11-15