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Policy2026-08-15 · source-backed
The comparable-multiple analysis on an October 2026 IPO puts required profit against Nvidia's $120.1B, Microsoft's $133.7B and Amazon's $77.7B net income. Renaissance Capital's Avery Marquez said reaching near-operating-profitability "makes this very large valuation maybe not seem so crazy." Neostellar Capital's Evan Schlossman reframed the question as compute access: "what is Anthropic's source over the next 18 months, 24 months, of how much compute they will be able to access?" Fortune The counter to the bull case isn't demand. It's whether supply exists to serve it.
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Fortune published a deep-dive on May 21 that should make anyone building on Microsoft's AI stack uncomfortable. After spending $13B+ on OpenAI and projecting $190 billion in 2026 capex (more than double 2025), Microsoft Copilot has reached just 20 million paying M365 users out...
Simon Willison mapped them: Microsoft's "Open Weights and American AI Leadership" (July 24, 235 companies including NVIDIA, Amazon, Y Combinator and the Linux Foundation, with OpenAI signing later, explicitly endorsing distillation as legitimate); Anthropic's "Our Position on...
Willison's August 2 roundup lays out "Open Weights and American AI Leadership" (July 24, Microsoft-shepherded, now 235 signatory companies including NVIDIA, Amazon, Y Combinator, the Linux Foundation, and OpenAI after initially abstaining); Anthropic's separate July 27 rebutta...
Huang used his inaugural X post on July 24 to publish "Open Weights and American AI Leadership," a three-page letter on Nvidia's own servers signed by 25 companies including Meta, Microsoft, IBM, Mistral, Mozilla, Hugging Face, a16z, Palantir and the Linux Foundation. Within a...
OpenAI published "A call for collective action on cyber defense" on August 27, co-signed by Anthropic, Google, Microsoft, Amazon, Cisco, Oracle, Cloudflare, CrowdStrike and Palo Alto Networks, plus non-tech signatories including Capital One, Mastercard, Visa, General Motors an...
The efficiency story has a cost, and it's showing up in the labor data. Challenger, Gray & Christmas reports U.S. tech firms announced 38,242 job cuts in May 2026, the sector's heaviest month in nearly two years, per Tom's Hardware. The 2026 tech total hit 123,653, up 65% year...
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