Gary Marcus urges investors to reject Anthropic's IPO

Gary Marcus argues against Anthropic's IPO, citing its reported target valuation of up to $1.4 trillion against a company that has never made a profit and carries nearly $900 billion in future liabilities. He points to Anthropic's amended S-1, which warns that costs will rise and losses will continue, and to revenue growth slowing from 147% in Q2 to 47% in Q3, as evidence that the trillion-dollar projections built on tokenmaxxing no longer hold.