Ed Zitron, Founder and Chief Executive Officer of EZPR, argues that OpenAI and Anthropic are load bearing for the entire market, that no ratings agency can honestly put them above triple C, and that they should be allowed to fail anyway. Anthropic's draft IPO prospectus, as reviewed by The Wall Street Journal, shows $16.3 billion of first-half revenue against an $80.7 billion net loss, about $72 billion of it non-cash charges on convertible notes, plus roughly $450 billion of mostly non-cancelable cloud commitments. Julie Hyman and Jake Conley push back throughout, on the grounds that the market is already repricing all of it. Featuring Ed Zitron, Founder and Chief Executive Officer, EZPR Julie Hyman, Host, Yahoo Finance Jake Conley, Breaking Business News Reporter, Yahoo Finance Pras Subramanian, Senior Autos Reporter, Yahoo Finance Watch the full episode of The 8:30: https://www.youtube.com/watch?v=6A9HjrCPJ-c Timestamps 0:00 Why he says Anthropic is a peculiar company 1:08 The $80 billion loss, and the $72 billion that was not cash 3:15 Give me a GAAP number 5:14 Why he says OpenAI and Anthropic are the same company 6:19 Load bearing, and what that means for the hyperscalers 7:34 Is the market already rerating this 8:35 Paying more for debt is not the same as not getting it 10:08 What a triple C rating actually means 11:25 That's not my problem 12:34 Why he says it crashes either way #Anthropic #OpenAI #AIBubble #The830 #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571