https://www.wsj.com/tech/ai/big-techs-soaring-profits-have-a...
It seems that Amazon are playing this much like Microsoft - seeing themselves are more of a cloud provider, happy to serve anyone's models, and perhaps only putting a moderate effort into building their own models (which they'll be happy to serve to those who want that capability/price point).
I don't see the pure "AI" plays like OpenAI and Anthropic able to survive as independent companies when they are competing against the likes of Google, and with Microsoft and Amazon happy to serve whatever future model comes along.
It's kind of funny, you can ask Rufus for stuff like "write a hello world in python for me" and then it will do it and also recommend some python books.
I assume if Amazon was using Claude's latest models to power it's AI tools, such as Alexa+ or Rufus, they would be much better than they currently are. I assume if their consumer facing AI is using Claude at all it would be a Sonnet or Haiku model from 1+ versions back simply due to cost.
They could make more money keeping control of the company and have control.
Modern IPOs are mainly dumping on retail and index investors.
Also, is there a way to know how much of the total volume of shares is being traded now? If I kept hyping my company (successfully), and drove the share price from $10 to $1000, thanks to retail hype, I could 100x the value of my company lets say from $100m to $10B, while the amount of money actually changing hands would be miniscule in comparison.
You can easily look up the numbers you are asking for, the TLDR is that the volume in most stocks is high enough that you can’t manipulate it much. If it’s even 2x overpriced then there’s 100m on the table for whoever spots this and shorts, ie enough money that plenty of smart people will be spending effort on modeling and valuation studies.
It is against the law to prioritize AI safety if you run a public company. You must prioritize profits for your shareholders.
-google cofounders Larry Page and Sergey Brin
then came the dot com bubble.
It's a hot take, I know :D
rvz•6h ago
They are going public.
JosephjackJR•5h ago
pu_pe•5h ago
The problem as I see it is that neither of those things are significant moats. Both OpenAI and Google have far better branding and a much larger user base, and Google also has far lower costs due to TPUs. Claude Code is neat but in the long run will definitely be replicated.
blitzar•2h ago
I am old enough (> 1 year old) to remember when Cursor had won the developer market from the previous winner copilot.
Google or Apple should have locked down Anthropic.
pragmatic•2h ago
Google should be stomping everyone else but it's ad addiction in search will hold it back. Innovators dilemma...
bionhoward•2h ago
milowata•2h ago
Anthropic is going for the enterprise and for developers. They have scooped up more of the enterprise API market than either Google or OpenAI, and almost half the developer market. Those big, long contracts and integration into developer workflows can end up as pretty strong moats.
SOLAR_FIELDS•1h ago
SOLAR_FIELDS•1h ago
gtirloni•37m ago
Developers will jump ship to a better tool at a blink of an eye. I wouldn't call it locked in at all. In fact, people do use Claude Code and Codex simultaneously in some cases.
LatteLazy•3h ago
2. A 300bn IPO can mean actually raising n 300bn by selling 100% of the company. But it could also mean seeing 1% for 3bn right? Which seems like a trivial amount for the market to absorb no?
blitzar•2h ago
Would be so massively oversubscribed that it would become a $600bn company by the end of the day (which is a good tactic for future fund raising too).
I suspect if/when Anthropic does its next raise VCs will be buyers still not sellers.
trjordan•1h ago
Are you ... aware that OpenAI and Google have launched more recent models?
anthonypasq•38m ago
esafak•27m ago
blovescoffee•19m ago
ctoth•17m ago
jascha_eng•36m ago
They are expected to hit 9 billion by end of year. Meaning the valuation multiple is only 30x. Which is still steep but at that growth rate not totally unreasonable.
https://techcrunch.com/2025/11/04/anthropic-expects-b2b-dema...
whp_wessel•22m ago
surgical_fire•39m ago
If they get to be a memestock, they might even keep the grift going for a good while. See Tesla as a good example of this.