alt Hacker NewsFrom the chart, the percentage of companies using AI has been going down over the past couple of months
That's a massive deal because the AI companies today are valued on the assumption that they'll 10x their revenue over the next couple of years. If their revenue growth starts to slow down, their valuations will change to reflect that
This bubble phase will play out just as the previous have in tech: consolidation, most of the value creation will go to a small group of companies. Most will die, some will thrive.
Companies like Anthropic will not survive as an independent. They won't come close to having enough revenue & profit to sustain their operating costs (they're Lyft to Google or OpenAI's Uber, Anthropic will never reach the scale needed to roll over to significant profit generation). Its fair value is 1/10th or less what it's being valued at currently (yes because I say so). Anthropic's valuation will implode to reconcile that, as the market for AI does. Some larger company will scoop them up during the pain phase, once they get desperate enough to sell. When the implosion of the speculative hype is done, the real value creation will begin thereafter. Over the following two or three decades a radical amount of value will be generated by AI collectively, far beyond anything seen during this hype phase. A lot of lesser AI companies will follow the same path as Anthropic.