aswathdamodaran.substack.com

AIAI-generated summary The post examines the different categories of companies involved in the artificial intelligence market, including AI builders, AI suppliers, and AI products. The author notes that while these groups initially benefited from overall optimism, market turbulence and diverging business interests may cause their trajectories to separate.

AIAI-generated summary Following pushback on an earlier post, the author reviewed the Anthropic valuation model to address feedback on capital costs and other inputs. The updated equity value for Anthropic is $1.45 trillion, reflecting adjusted trailing figures and ongoing considerations regarding commitments and dilution.