Trillions On The Line

Send us Fan Mail Trillion-dollar numbers start sounding fake until they show up in an S-1. We kick off our October monthly news recap by unpacking Anthropic’s IPO move and what its public filing suggests about the real economics of frontier AI: staggering losses, massive compute commitments, and a business model that may depend on the market staying patient for a long time. From there we connect it to Gartner’s warning that a huge chunk of AI infrastructure spending could be impaired by 2030...