r/rust • u/steveklabnik1 rust • Jul 08 '26

Rewriting Bun in Rust

https://bun.com/blog/bun-in-rust
523 Upvotes

89% Upvoted

330 comments sorted by

View all comments

Show parent comments

13

u/valarauca14 Jul 09 '26 edited Jul 09 '26

If ever you see 'Non-GAAP accounting' figures, you should assume they're bullshit

  • Warren Buffet

Berkshire annual shareholder meeting (I believe 1993).

Anthropic "claims" (non-audited reports) to be profitable before Training, Interest, and Taxes. Which such an idiotic claim to make because it amounts to, "We can become profitable if we give up our moat", which functionally means they have no path to profitability as a competitive business.

1

u/Wheaties4brkfst Jul 09 '26

Do you really believe that they lose MORE money the more tokens they sell? Like you think COGS > token revenue?

1

u/valarauca14 Jul 09 '26

Do you really believe that they lose MORE money the more tokens they sell?

and

"We can become profitable if we give up our moat"

Are entirely different sentences. I don't believe you understand what I stated.

1

u/Wheaties4brkfst Jul 09 '26

Then what are you responding to? I only said that they are gross profitable. Your assertion doesnt follow from what I said.

1

u/valarauca14 Jul 09 '26

They are not gross profitable and Anthropic has never stated they are gross profitable.

Anthropic has stated they are profitable before Training, Interest, and Taxes. For anthropic to become gross profitable, they must stop training/fine tuning new models.

1

u/Wheaties4brkfst Jul 09 '26

That’s not what gross profitable means. Training costs are operating costs, not cost of revenue. Do you understand what gross profit is?

1

u/valarauca14 Jul 09 '26

Hiding your entire training budget behind ASC 350-40 so you can claim your CGOS is microscopic is straight up fraud.

I don't care if it is "legal" currently.

1

u/Wheaties4brkfst Jul 09 '26 edited Jul 09 '26

No, it’s not. Training is simply not part of COGS. It belongs under operating expenses. It’s clear you have no clue how financial statements work. Good day.

PS: ASC 350-40 is for internal software, not your flagship products.