Anthropic IPO

There is a lot of value from LLMs but it is something that I can switch easily. Yes, some frontier models are much better but users can still chose to use cheaper models for most of the work. In fact most applications, through which people will interact with LLMs anyway, will not need frontier models unless they offer "chat with AI". Anything that solves specific problems (even multiple problems) does not need frontier LLMs.

Anthropic and OpenAI will have to become more of the end user application stack. Files, calendars, emails, photos, and much more have to pass through them for them to keep making money. Else they cannot make money like the way they have been in this early era of LLMs.

„The IPO process begins with a roadshow starting on November 10th (EST). Subject to regulatory clearance, the final IPO share price is expected to be set on November 18th (EST), and shares are expected to begin publicly trading on November 19th (EST).“

The way I see it, AI is more comparable to some sort of utility. Like electricity, internet, etc. - and should be priced that way. If we ever get to "true" AGI, and the open source models also get there, what's the moat? Access to compute could be the differentiator.

The economics of this are absurd, and Anthropic hasn't been without their controversy; but I use Claude everyday, and they've made tremendous impact on society. I wish them the best for their IPO.

growth flatlined between Q2 & Q3.

I would wait for 2-3 quarters before investing, it will drop and there will likely be lock-ins to contend with. if growth slows then price could tumble fast.

Apparently not every country can participate in this IPO. As of now, if you open the Revolut Anthropic IPO page from Poland, you get:

> Linked page(s) related to Anthropic IPO can only be viewed by persons located in UK, Denmark, Finland, France, Germany, Ireland, the Netherlands, Norway, Spain, and Sweden.

Got into the gpt3 beta June 2021 and haven’t looked back, yet it’s incredibly sad we had no avenue to invest in these companies until now.

Why doesn’t a private company stock market exist?

There is a heavy amount of circular investments in the industry, among competitors. There is a private placement that is made in parallel with the public offering, through $26B of a special stock, according to the S1. They all have a lot to gain from a successful Anthropic public issue. The problem is it blurs the signal, we don't how much is overvaluation that contributes to a bubble.

I don't think there has often been such an intertwined industry before. Usually cartels are made through discreet partnerships at the operational level, this is an interconnection in the background at the financial one.

With SpaceX, now Anthropic, and soon OpenAI, we're seeing 3 of the largest IPOs ever. Will existing institutional investors trim other positions to allocate a lot of capital for these mega listings or is this not a concern?

"We have only bits and pieces of information, but what we know for certain is that at some point in the early twenty-first century, all of mankind was united in celebration. We marveled at our own magnificence as we gave birth to AI."

A lot of ink has been spilled over the projected IPO of the big AI player. But part of me wonder if, in some ways like what happen with SpaceX, it will end up being a nothingburger. A first few crazy days on the market, then whatever, the company is just public now. And with how shares and voting power are attributed, it seems like, just like for spacex, it won't risk changing the power structure of the company.

worst day ever

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I'm convinced that they are the best right now, but their videos are making me cringe a bit on the whole "culture" thing, feels like a star wars episode

Presumably this'll be like the spacex one - high price, instant drop and a load of amateur investors wondering why they just lost a ton of money.

"Our employees' use of Claude has grown more than 250times between January and September of 2026.Together, these explain why our revenue per employee has grown more than 4.5x."

Ouch. So practically all of that Claude use is just busy work, I guess

All I can see is that the Petri dish on their letter shows uneven colony distribution, someone needs to work on their plating technique!

Here comes the new qwen model announcement.

What an interesting flood of negative comments with nothing to say. This company has completely changed my career.

If AI went away tomorrow I would find a new line of work because artisanally handcrafting code is the most boring use of my time in the entire world.

Quoting a tweet I saw yesterday but..

Biopharma CEO "This presentation contains forward-looking statements, as a result of risks and uncertainties..."

AI/Tech CEO "We will cure all diseases in less than 10 years"

Like look I get it, this is truly impressive tech, but can we at least be a little more sober?

Will this, together with Jensen’s affairs, finally pop the AI bubble?

$23 billion quarterly net loss.

Hundreds of billions in future liabilities.

IPO valuation above $1 trillion.

The lunatics are running the asylum.

Enshittification coming soon

Let the enshittification begin

"public benefit corporation" lol yeah yeah

I’m very skeptical.

Deepseek and other Chinese models are close enough for most typical use cases.

This could seriously wreck our entire economy, so much of the stock market is propped up by AI hype.

Anyway, expect a massive government bailout for Anthropic and Open AI when the Chinese models prove to be more cost efficient.

Might not be next year, or even this decade, but it’s coming.

PS: A fear mongering campaign is already underway, Deepseek is going to give you communist code completion!

Ohh boo hoo rich entitled programmers hate the fact that the company makes your lives hard. Sorry I would feel sorry for you but I just can't reach.

After having that ambition thwarted for over 26 years and working like a slave counting other people's money {a career I hate every day} your collective despair gives my schadenfreude a delicious unending orgasmic thrill. You need literally no idea.

Just remember: no dreams never work out and work by definition is something you hate every day until you die.

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