The Hater's Guide To The AI Bubble Highlight

While some may believe that both OpenAI and Anthropic hitting "annualized revenue" milestones is good news, you have to consider how these milestones were hit. Based on my reporting, I believe that both companies are effectively doing steroids, forcing massive infrastructural costs onto big customers as a means of covering the increasing costs of their own models.

There is simply no other way to read this situation. By making these changes, Anthropic is intentionally making it harder for its largest customer to do business, creating extra revenue by making Cursor's product worse by proxy. What's sickening about this particular situation is that it doesn't really matter if Cursor's customers are happy or sad — they, like OpenAI's enterprise Priority Access API, require a long-term commitment which involves a minimum throughput of tokens for second as part of their Tiered Access program.

If Cursor's customers drop off, both OpenAI and Anthropic still get their cut, and if Cursor's customers somehow outspend even those commitments, they'll either still get rate limited or Anysphere will incur more costs.