That was the thunder before the storm. Anthropic is the golden boy of American AI companies. They showed ass+hair and presented their IPO with extremely deceptive framing that showed temporary revenue from Elon Musk at the start of the year but not the most recent quarter's losses. The entire industry on the software and hardware sides are tied together through circular financing schemes that hinge on every company being an equally golden boy. Anthropic's value halving harms all of their ability to secure more investment and is driving those funds out of the entire sector. It's setting up a moment in the near future where investment dries up alongside revenue and engagement, but they're left with all the costs of hyperscaling for demand that wasn't there. The AI industry really needs a new stupid thing right now and they're out of stupid things despite building the button that's supposed to generate infinite stupid things.