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Anthropic's $2 Trillion Bet Is That Nothing Goes Wrong
Anthropic's $2 Trillion Bet Is That Nothing Goes Wrong
The most revealing aspect of a $2 trillion Anthropic IPO is not the staggering valuation, but the suspension of disbelief required to justify it.
To buy into that number, investors must assume that artificial intelligence is becoming economically indispensable at breakneck speed, that a formidable moat will protect a handful of frontier-model developers, and that the exorbitant costs of computing infrastructure will not eventually crush their margins. More crucially - they must wager that the political, technical, and institutional risks inherent to an increasingly...
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Jul 12, 2026 / Tyler Durden
Inflection Point Overload?
Inflection Point Overload?
By Peter Tchir of Academy Securities
Inflection Point Overload?
Between 250th Celebrations, heat waves, power failures, and jet lag, I feel more discombobulated than I have in a long time (I do admit that I really liked a sign that I think was in PHX airport just past security – Recombobulation Area). I think that’s what I could use.
In any case, last weekend’s ProSec Mid-Year Outlook is worth checking out. We had people send us several variations of the same theme – the concept is catching on for investors...
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Aug 6, 2026 / Kyle Anzalone
Ansar Allah Claims Large Attack on Saudi Arabia
Yemen’s ruling Ansar Allah said it conducted a large-scale attack on several military sites in Saudi Arabia. “Our armed forces have detected large-scale Saudi military mobilizations in their final stages, aimed at escalating against the liberated provinces and the Yemeni people to deter them from their stance on ending the unjust siege,” Ansar Allah military […]
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Sep 11, 2026 / Tyler Durden
What More Evidence Does The Blob Need That Michael Gove Was Right?
What More Evidence Does The Blob Need That Michael Gove Was Right?
Authored by Toby Young via The Daily Sceptic,
When I think of Michael Gove perusing the latest PISA league tables, proving yet again that his education reforms have transformed the life chances of English schoolchildren, a line from Broadcast News, the 1987 romcom, comes to mind.
"It must be nice to always believe you know better, to always think you're the smartest person in the room," says a veteran television news man to a young female producer.
"No," she replies. "It's...
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