{"version":"market-claims.v1","claim":{"id":"mcl_bff2d99d7bb2b11099","url":"/trace/claims/mcl_bff2d99d7bb2b11099","status":"PUBLISHED","claimType":"DIRECTIONAL_THESIS","direction":"LONG","claimText":"Anthropic burns 80% less cash than OpenAI for similar revenue and is starved of compute, so its true run-rate is double the headline and the valuation is cheap.","confidence":0.72,"expert":{"slug":"investlikebest","displayName":"Invest Like the Best","kind":"PERSON","status":"UNCLAIMED","avatarUrl":"/api/avatars/75a94db5-5","url":"/trace/experts/investlikebest","claimed":false},"primaryEntity":{"kind":"ASSET","assetClass":"EQUITY","symbol":"ANTHROPIC","name":"ANTHROPIC","exchange":null,"confidence":0.78},"evidence":{"evidenceUrl":"https://www.youtube.com/watch?v=Mmj_G9RlW-I&t=497s","sourceUrl":"https://youtube.com/watch?v=Mmj_G9RlW-I","timecode":"08:17","startMs":497000,"endMs":null,"excerpt":"Anthropic clearly has a dramatically lower cost per token than OpenAI. They just do. And you could just see that in the amount of money that they have burned to get to a roughly similar revenue scale. I think they've burned maybe 80% less than OpenAI."},"performance":{"entryPrice":1197,"currentPrice":null,"returnPct":null,"relativePct":null,"method":"PASTE_AUTHOR_PRICE"},"resolutionStatus":"OPEN","ambiguityNotes":null,"horizon":"multi-year","isExplicitTrade":false,"notFinancialAdvice":true,"disclaimer":"AISO tracks public statements, not verified portfolio positions. This is not financial advice."},"expert":{"slug":"investlikebest","displayName":"Invest Like the Best","kind":"PERSON","status":"UNCLAIMED","avatarUrl":"/api/avatars/75a94db5-5","url":"/trace/experts/investlikebest","claimed":false},"source":{"platform":"YOUTUBE","title":"Watts, Wafers, and the Future of AI Infra | Gavin Baker","sourceUrl":"https://youtube.com/watch?v=Mmj_G9RlW-I","publishedAt":"2026-05-20T12:00:40.000Z"},"evidence":{"evidenceUrl":"https://www.youtube.com/watch?v=Mmj_G9RlW-I&t=497s","sourceUrl":"https://youtube.com/watch?v=Mmj_G9RlW-I","timecode":"08:17","startMs":497000,"endMs":null,"excerpt":"Anthropic clearly has a dramatically lower cost per token than OpenAI. They just do. And you could just see that in the amount of money that they have burned to get to a roughly similar revenue scale. I think they've burned maybe 80% less than OpenAI.","quote":"Anthropic clearly has a dramatically lower cost per token than OpenAI. They just do. And you could just see that in the amount of money that they have burned to get to a roughly similar revenue scale. I think they've burned maybe 80% less than OpenAI.","speaker":"Gavin Baker"},"entities":[{"kind":"ASSET","assetClass":"EQUITY","symbol":"ANTHROPIC","name":"ANTHROPIC","exchange":null,"confidence":0.78}],"marketData":{"entry":{"price":1197,"currency":"USD","observedAt":"2026-05-20T12:00:40.000Z","method":"PASTE_AUTHOR_PRICE"},"current":null,"returnPct":null},"snapshots":[{"kind":"ENTRY","symbol":"ANTHROPIC","assetClass":"EQUITY","price":1197,"probability":null,"currency":"USD","provider":"paste.trade","providerSymbol":"vntl:ANTHROPIC","observedAt":"2026-05-20T12:00:40.000Z","method":"PASTE_AUTHOR_PRICE","returnPct":null,"relativePct":null}]}