'Not good enough. It's over': The AI doomers are going off on Anthropic's revenue figures
Anthropic faces intense scrutiny after Q3 revenue figures showed a growth slowdown, leading some investors to consider a $500 billion valuation cut. The data has triggered a backlash from AI skeptics, including Gary Marcus and Ed Zitron, who argue the figures prove the AI boom is ending. While some view the company as a bull case for Wall Street, others are tempering IPO expectations. The financial volatility has already contributed to stock price drops for related firms like AMD and Sandisk.
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- ✓ Gary Marcus and Ed Zitron have criticized Anthropic's revenue figures as coming up short.
- ✓ Anthropic is preparing for an initial public offering.
- ✓ Investors are lowering valuation expectations for the Anthropic IPO due to slowing revenue growth.
- ✓ AMD and Sandisk stocks dropped following news related to Anthropic.
What changed
Latest Q3 revenue data led investors to propose a $500 billion valuation reduction and sparked public criticism from AI skeptics.
Live updates
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Anthropic Revenue Slowdown Sparks Valuation Cuts and AI Skepticism
Anthropic faces intense scrutiny after Q3 revenue figures showed a growth slowdown, leading some investors to consider a $500 billion valuation cut. The data has triggered a backlash from AI skeptics, including Gary Marcus and Ed Zitron, who argue the figures prove the AI boom is ending. While some view the company as a bull case for Wall Street, others are tempering IPO expectations. The financial volatility has already contributed to stock price drops for related firms like AMD and Sandisk.
Why it matters
Anthropic is preparing for an initial public offering amid a broader slowdown in the US IPO market. The company previously set a target valuation of $2 trillion. These revenue concerns raise questions about the long-term sustainability of the generative AI industry.
What is confirmed
- Gary Marcus and Ed Zitron have criticized Anthropic's revenue figures as coming up short.
- Anthropic is preparing for an initial public offering.
- Investors are lowering valuation expectations for the Anthropic IPO due to slowing revenue growth.
- AMD and Sandisk stocks dropped following news related to Anthropic.
Still unconfirmed
- Backers doubt Anthropic can reach its $2 trillion target.
What to watch next
- Official confirmation of the IPO valuation
- Anthropic's response to Q3 revenue criticisms
- Final filing for the company's public offering
confidence 85%Sources used for this update (11)
- Axios — Anthropic brings Wall Street an AI bull case
- Barron's — Sandisk, AMD Stocks Drop as Anthropic Adds to AI Misery
- Reuters — EXCLUSIVE: Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
- Yahoo Finance UK — 'Not good enough. It's over': The AI doomers are going off on Anthropic's revenue figures
- Bloomberg.com — Anthropic Stands Alone as Rest of US IPO Market Slows to a Crawl
- futurism.com — Investors Disturbed by Anthropic's Financial Data - Futurism
- www.businessinsider.com — Anthropic Revenue Figures Draw Cries of 'It's Over' From AI ...
- b17news.com — 'Not good enough. It's over': The AI doomers are going off on ...
- article.wn.com — 'Not good enough. It's over': The AI doomers are going off on ...
- en.infomaxai.com — Wall Street Says Anthropic's Revenue Growth 'Not Enough'
- finance.yahoo.com — Anthropic’s valuation slashed by $500bn - Yahoo Finance
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