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It still doesn’t look like there’s an AI bubble

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It still doesn’t look like there’s an AI bubble Anthropic's annualized revenue doubled in just two months. Last fall, a lot of people were worried about a possible AI bubble. AI companies were investing heavily in infrastructure because they expected huge demand for AI services in the coming years. For example, an internal OpenAI document last fall projected that revenue would more than double — f...
The narrative presents a compelling case for AI's continued growth, with Anthropic's revenue surge serving as a strong counterpoint to earlier bubble concerns. The strongest version of this argument highlights tangible financial metrics—doubling annualized revenue in months—and contrasts it with skepticism that now appears premature. However, the use of annualized figures, which extrapolate short-term trends into full-year projections, introduces a potential distortion. While not inherently misl...