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"Market value" so that's after they IPO then? Because before the IPO, and even for a while after, they're simply making up numbers.

I bet they are bankrupt by then & the executive team is in jail.

I predict that Anthropic will have a 5T market cap by Jan 1, 2028.

$100b of annualized profits at a 50x P/E ratio?

I think that's possible if Anthropic manages to ban open-weight models in the US. If they can't manage that, I don't yet see how they will reach profitability ...