Stock markets made a whole lot more sense before the internet and broad interconnectivity. It was really only one of the reliable ways for companies to broadly raise money to grow and expand. Now everything just feels like a mixture of gambling and pump and dump.

Like is there going to be anybody, whatsoever, who's genuinely aiming to go long on Anthropic? It just feels like this massive collusion that 'everybody' is in on where we all know it's going to crater but the whole game is to pump it as much as possible and just try not to be the last guy holding the bag.

Obviously LLMs are going to revolutionize the world, and they arguably already have, but there are open weight models available for free with frontier level performance, and the price to run these models keeps plummeting which, in turn, is already driving token costs down. Like many things now a days, this is all highly entertaining, yet absolutely insane.