Excellent as usual video from Patrick Boyle: https://youtu.be/Ic1Jf7VlXRMThis week’s topic is #Anthropic’s IPO prospectu...

Excellent as usual video from Patrick Boyle: https://youtu.be/Ic1Jf7VlXRMThis week’s topic is #Anthropic’s IPO prospectus, which is a colossal tome that buries some of the ledes.The video is fairly long as usual (nearly 40 minutes), and isn’t exactly thrilling, but he lays out the basis for two key points:1) Anthropic really is doing fairly well as a business, with real growth rates that most startups would kill for.2) The IPO valuation (now down to “only” 1.5-1.75 trillion dollars) is nonetheless complete guesswork, and pretty hard to justify.My view hasn’t changed: the #LLM tech is quite real and quite useful *and* we’re in the middle of a massive #AI #bubble that makes no financial sense, and is certain to deflate. (As we’ve been starting to see the past couple of weeks.)Anyway: the video is nerdy but well worth a watch if you care about this topic at all…