Rohan Paul· @rohanpaul_ai · X·· 2026-08-07AI 评分45
AI 导读
美国对冲基金 Atreides Management 首席投资官 Gavin Baker 指出，从资本效率看，OpenAI 与 Anthropic 是截然不同的公司。Anthropic 每 token 成本显著低于 OpenAI，烧钱量约为其 80% 以下，因此两者作为企业拥有截然不同的结构性资本回报率（ROIC）。
正文 · 原文
"OpenAI and Anthropic are pretty different animals from a capital efficiency perspective.
And Anthropic clearly has a dramatically lower cost per token than OpenAI.
They burned maybe 80% less than OpenAI. So as businesses, they clearly have very different structural ROICs."
- A solid, insightful interview featuring Gavin Baker (@GavinSBaker ), U.S. hedge fund manager and Chief Investment Officer of Atreides Management.
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From "Invest Like The Best" (@patrick_oshag ) YouTube channel, (link in comment)
来源：Rohan Paul · x.com