Anthropic CEO Dario Amodei has spoken on the highly discussed massive spending in the intelligence space. Speaking at this year’s DealBook Summit, Amodei addressed concerns about whether hundreds of billions of dollars being poured into AI data centres will pay off. He acknowledged that the industry is taking on “considerable risk” by such a splash out on infrastructure, but expressed confidence that the technology will ultimately deliver economic value.

Amodei separates technology from economics

Replying to a question on overspending and whether “the math of all of this makes sense,” Amodei drew a distinction between technological and economic considerations.“So this is really complicated, and I want to separate out the technological side of it from the economic side of it,” Amodei said. “On the technological side of it, I feel really solid. I think I’m one of the most bullish people around, and I think it pencils out,” he added. He highlighted that as models are trained using relatively simple methods with minor modifications, “they get better and better at every task under the sun.”

Anthropic revenue grows 10x annually: Amodei

Amodei pointed to Anthropic’s own performance as evidence of AI’s economic potential. He said the company focuses heavily on enterprise clients and serves as a reliable indicator of the technology’s value.“We look at our revenue. It’s grown 10x a year, every year for the last three years,” Amodei said, suggesting that the company may be “a purer barometer than the others, which filter through consumers, which kind of have their habits and their use cases.”While acknowledging uncertainty about whether the explosive growth will continue, Amodei expressed confidence in the long-term trajectory. “Will it continue? I don’t know. But the technology is driving there and the economic value is coming with it,” he said.He also predicted that the current growth trend “is going to slow down for sure, but it’s still going to be really fast.”