I called this a few months ago - enterprises are burning unsustainable amounts on Claude, and now it's showing up in the news

A while back I wrote a post on r/wallstreetbets about why Anthropic's revenue story doesn't hold up the way the headlines suggest. It got removed because you can't take positions in a private company. But the core argument is playing out now, so I want to share it here for discussion. URL of the removed post: [https://www.reddit.com/r/wallstreetbets/comments/1sxdjt5/if\_anthropic\_goes\_public\_this\_year\_its\_gonna\_be](https://www.reddit.com/r/wallstreetbets/comments/1sxdjt5/if_anthropic_goes_public_this_year_its_gonna_be) The thesis was simple: From my circles in tech scene in Berlin, enterprises are throwing Claude access at thousands of employees with zero training, zero budget controls, and zero accountability. It's not productivity - it's unstructured R&D at $100-200/person/month. Some examples I was hearing from people in my network working at large tech companies: * Spending $70 on Opus to build a simple IF/ELSE formula in Google Sheets * Dumping half a database into context trying to get "insights" * Multiple people independently building internal tools that could've been a 10-line script * Using Claude as a hobby project builder on company credits Multiply $150/person/month by 2,000-20,000 employees and you get $300K-$3M/month per company. That's not a defensible line item when the CFO eventually asks what the ROI is. The Uber and Microsoft stories are exactly what I expected. Budgets get set, access gets handed out broadly, then someone looks at the bill four months in and panics. This doesn't mean Claude is a bad product - it's genuinely the best model out there for a lot of tasks. But the enterprise revenue being cited in IPO narratives is partially a spend bubble, not durable SaaS revenue. There's a difference between companies *paying* for Claude and companies *getting value* from Claude. Curious if others here are seeing the same pattern - either as users inside companies, or as people following Anthropic's trajectory toward a public offering.