"The shift in politics is even starker. In the 2010s and early 2020s, big tech was well-liked by most people. But AI is absolutely loathed by the public. These companies have never faced real public dissatisfaction, they all imagine themselves to be the good guys, with the credibility of having created magical search engines and smartphones. But that era is gone. They are now akin to the bankers on Wall Street in 2008, and politicians are winning elections by saying they hate AI as much as the voters do."

Yeah I see this too. That we're not innovating any more also doesn't help make our industry look good

Anthropic didn't lose $80B. Some complex securities tied to their stock went up in value by $72B, which they have to count as a loss, even though it's not cash out the door.

As far as Google's mark to market profit on Anthropic shares, everyone realizes that's not a sustainable source of income. Which is probably one reason why it's trading at about 15 times profits. If you back out the $99B of (unrealized) equity gains in anthropic and others, Google is trading at 25 times the last 12m earnings.

If they're referring to the recent tumble, I wouldn't suggest anthropic incited that

coreweave did

i'm sure ant didn't help, but thanks for the fire sale i guess