So let me make sure I’ve got this correct: >Google gives Anthropic cash to pay Google for compute. >anthropic gives compute away for a loss,…

So let me make sure I’ve got this correct: >Google gives Anthropic cash to pay Google for compute. >anthropic gives compute away for a loss, and this discounted compute draws in large user bases to capitalize on the arbitrage. >The private, non-marked to market valuation of Anthropic skyrockets, which Google reports as earnings, along with the cash it gave Anthropic. >Google uses these fake earnings to cast a shadow over the debt it’s raising to build the compute it’s paying itself for through Anthropic. >Google is bleeding money giving away compute through Anthropic and this is making the S&P500 earnings rocket straight up. >losing money = making money Do I have this right? ANTHROPIC COMMITS TO SPENDING $200 BILLION ON GOOGLE’S CLOUD AND CHIPS - THEINFORMATION

Source: Gary Marcus (X) | 2026-05-05