US AI bubble: $100 billion forward check Anthropic, the creator of Claude, is preparing for a huge IPO. According to the WSJ, the company is targeting the week of Nov. 16 and could raise $100 billion or more at a valuation of $1.5-2 trillion. The parameters are still preliminary. But the nervousness is already felt. Reuters writes that some investors are discussing a valuation of about 1.5 trillion dollars instead of the expected 2 trillion dollars. Even a 45% increase in revenue in the quarter does not remove questions: the company has grown even faster in the past, and its commitments to computing capacity are huge. Let's recall the AI stories that recently spooked the US market: Motz canceled its IPO, Alice lost 32% on its debut day, and CoreWeave lost more than half its value from its peak by October 20. Investors are becoming more selective. The sign "artificial intelligence" is no longer enough. I want to understand when the billions invested will start to return and how reasonable it is to pay for this business. Such a location may attract money from other assets. The main risk in my opinion: weak demand or stock collapse after the IPO will hurt the expectations of the entire sector. At the same time, Google and Amazon simultaneously invest in Anthropic and sell it computing power. The problems of one participant can affect the income and investments of others. Therefore, I will be watching this issue very closely. Poor placement can become a problem far beyond one company. Today too much emphasis is placed on AI, both in the market and in investments in the American economy. Telegram | maximum | .