Gavin Baker Speculates on Anthropic ARR Adjustments

Gavin Baker posted speculation about Anthropic pre-IPO accounting. He stated that the company shifted from gross to net ARR and removed both Meta and Chinese distillation from its $65 billion ARR number. Baker noted that Meta is speculated to exceed $5 billion in ARR, which would allow the remaining figure to appear stronger after those elements are excluded. The post frames the moves as potential gamesmanship and invites discussion on the adjustments.