The much younger AI company Anthropic, created from a few folks that left OpenAI, has created the rather awkward circumstance of surpassing their former employee in annualized revenues. Ouch!

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The much younger AI company Anthropic, created from a few folks that left OpenAI, has created the rather awkward circumstance of surpassing their former employee in annualized revenues. Ouch!

Considering what’s happening today, it’s easy to forget that last quarter was a huge dud for stocks. Here is a lovely diagram showing the clustering, with most stocks shoved to the left of the 0% mark.

I confess, I’m excited about this IPO, since the Knight family has meaningful participation, but I also think it’s going to be a high-water mark for equity markets after it’s through.


As much as I’m hoping this company goes public and is well received – – just – – wow.
