Anthropic will be 'most ridiculous IPO' of year, analyst says
www.cnbc.com
Anthropic reportedly plans to list on the Nasdaq before Thanksgiving, and one bearish advisory firm suggests that investors sit this one out.

Anthropic’s mounting operating losses coupled with emerging competition from a plethora of open-source models led New Constructs to conclude that, “We don’t think Anthropic has a viable business.”

  • terranoid@lemmy.cafeEnglish
    12·
    8 days ago

    Nvidia is the only obvious one that had a stable business before, took big wins from this AI era, and would survive a bubble bursting. The rest of them are burning as much investor cash as possible just trying to compete with each other, but open source is preventing them from forming a monopoly that way so they’re kinda fucked.

      • bedwyr@piefed.caEnglish
        21·
        8 days ago

        In the gold rushes, the people that gouged the miners generally did better than the miners I would add. As in san francisco.