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The article debunks a Forbes claim that Anthropic loses $5,000 per Claude Code Max user by distinguishing between retail API pricing ($5,000) and actual compute costs (~$500), using OpenRouter open-weight model pricing as a cost proxy to argue Anthropic's inference margins are likely profitable despite being priced 10x higher than competitors.

Anthropic Claude Claude Code Max Cursor Forbes OpenRouter Qwen 3.5 Kimi K2.5 Alibaba Cloud DeepInfra Martin Alderson OpenAI
martinalderson.com · jnord · 4 days ago · details · hn