Anthropic high junk investment rating expected as Alphabet sheds $500 billion in value. Is there a soft landing for AI?
This week made me take a new look at AI. China shed the first half trillion in AI related business value last week. This week Alphabet shaved another, or their…
By Olivia Parker
This week made me take a new look at AI. China shed the first half trillion in AI related business value last week. This week Alphabet shaved another, or their own half trillion in market value. There are only a handful of companies on the planet who could shrug off a loss that size and go about as if it didn't happen. Many believe it is an AI related loss. It is not as damaging as the metaverse decision was to Facebook. But is it the proper AI wake up call which has been expected as of late? The most recent news may start the market reset AI has so far managed to avoid. Blackstone may be concerned that the Anthropic ipo could be complicated by an expected "high junk" or BB investment rating after their IPO. The cloud rental fees Alphabet and to a lesser degree Amazon make, and are expected to make going forward, could sputter. Anthropic could be handicapped trying to buil…
It is part of a fast-moving week in AI, as researchers, builders, and enterprises keep adjusting to what the latest capabilities mean for them.
