this post was submitted on 29 May 2026
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Mystery company accidentally blew $500 million on Claude in a single month — failed to put usage limit on licenses for employees (www.tomshardware.com)
submitted 3 days ago by throws_lemy@reddthat.com to c/technology@lemmy.world
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[–] Sgt_choke_n_stroke@lemmy.world 102 points 3 days ago (4 children)

I feel like this is fake company and they are spreading this to cook the books.

[–] mPony@lemmy.world 25 points 3 days ago

If it isn't a fake company I'd be shocked. It's not like there's a whole lot of external accountability in the entire business model.

[–] Knock_Knock_Lemmy_In@lemmy.world 17 points 3 days ago (1 children)
[–] Upgrayedd1776@sh.itjust.works 10 points 3 days ago* (last edited 3 days ago) (1 children)

considering i read a good article about axios editors inside trading the iran war, this makes sense it appears axios is the source of this https://www.axios.com/2026/05/28/ai-spending-roi-enterprise-costs, article about axios https://www.salon.com/2026/05/09/axios-accused-of-market-manipulation-with-iran-reporting/

[–] UnderpantsWeevil@lemmy.world 3 points 2 days ago

"Sorry Shareholders. We have $500M in bad debt to Anthropic. So now we're liquidating and your shares are worthless."

[–] ColeSloth@discuss.tchncs.de 1 points 2 days ago

Cook the books by claiming $500 million in profits? That's a lot of tax money and a lot to risk over just keeping investors happy for a short amount of time.