Link: https://www.cnbc.com/2026/10/07/anthropic-will-be-most-ridiculous-ipo-of-year-analyst-says.html

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.”

open-source models

Waiting for those people who will come in and argue that word can change meaning and that term has changed.

They don't. It's funny though because none of them do. Except maybe Nvidia.

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.

It's a gold rush and nVidia are selling shovels.

There is genuine demand for Nvidia'd hardware, and probably always will be as parallel processesing and matrix math are fundamentally useful.

At the same time, the rate and level of growth that Nvidia has seen during the AI bubble is certainly not sustainable. If and when the AI companies fail, Nvidia is going to take a big hit too.

It’s “when”

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

First it was the fuckin' FUTO fanboys. Now this.