WeWork was renting lemon water and cubicles and calling it technology.
Whatever you think about this market, the LLM technology is real, obviously important, and anthropic is the market leader.
Sure, they have some flashy models, harnesses, and tooling around it, but their competition isn't that far behind - and some of that competition is 100% free. Their moat is closer to a puddle, to the point that there are entire companies built around the concept of dynamically routing requests either to them or their competitors.
Anthropic is the market leader in a rapidly-evolving market, where customers can and will jump ship the second a competitor's model looks shinier or cheaper.
Sure, sure. And SpaceX is "renting rockets". Nothing to see here.
While you can imitate the style of my response by ignoring all of the technical details, you've still ignored all of the details.
WeWork was not a technology company. Anthropic is.
The problem with WeWork's IPO wasn't that they aren't a tech company. It's that they didn't have a good enough business model.
AFAICT, the only one who cares about whether Anthropic, or WeWork, is a technology company, is you.
> The problem with WeWork's IPO wasn't that they aren't a tech company. It's that they didn't have a good enough business model.
No, they had a fine business model. It just wasn't worth a technology company multiple.
Everyone has to get capital efficient now — and fast!