The limits in the max subscriptions are more generous and power users are generating loss.

I'm rather certain, though cannot prove it, that buying the same tokens would cost at least 10x more if bought from API. Anecdotally, my cursor team usage was getting to around 700$ / month. After switching to claude code max, I have so far only once hit the 3h limit window on the 100$ sub.

What Im thinking is that Anthropic is making loss with users who use it a lot, but there are a lot of users who pay for max, but don't actually use it.

With the recent improvements and increase of popularity in projects like OpenClaw, the number of users that are generating loss has probably massively increased.

This is a false assumption. We will only know retrospectively whether it was valuable or not.

1. She gets better all the time, and might be super popular in the future 2. Many writings became relevant only long after the death of the author

This is not my experience any longer. With properly set feedback loop and frameworks documentation it does not seem to matter much if they are working with completely novel stuff or not. Of course, when that is not available they hallucinate, but who anymore does that even? Anyone can see that LLMs are just glorified auto-complete machines, so you really have to put a lot of work in the enviroment they operate and quick feedback loops. (Just like with 90% of developers made of flesh...)

I've came across llms.txt files in few services. I don't know how the agents.md compares to the llms.txt files, but I guess they could pretty much have the same content. See more also here https://llmstxt.org/

Anyhow, I have made few interesting observations, that might be true for the agents.md also:

Agents have trouble with these large documents, and they seem to miss many relevant nuances. However, its rather easy to point them to the right direction when all relevant information is in one file.

Another thing is that I personally prefer this style of documentation. I can just ctrl+f and find relevant information, rather than using some built in search and trying to read through documents. I feel that the UX of one large .txt file is better than the documentation scattered between multiple pages using some pretty documentation engine.

Tokyo might not be the best example. Shanghai, Peking, Moscow, as per my experience, there is a risk of getting stuck for 2+ hours with car. Even if it was faster sometimes by car, there is a risk of getting completely stuck.