SPIN Unprocessed October 22, 2026 ai_technology startups
The AI IPO Wave Is The Dot-Com Bubble’s Evil Twin. Anthropic’s Delay Just Proved It.
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In this guest article from Airrived co-founder and CEO Anurag Gurtu, he contends that Anthropic’s rapid revenue growth does not justify its proposed $2 trillion IPO valuation, given enormous infrastructure commitments, safety concerns, customer concentration and competition from cheaper open-weight models, saying instead that lasting enterprise AI value will come from proprietary data, reliable deployment and measurable customer outcomes rather than expensive models alone.
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