The critical view is that these IPOs are bumping up against physics. How many trillion dollar companies can the economy support? The US GDP is roughly 32 Trillion. A company with 100 billion dollars in revenue and 10x annual growth would be expected to increase the size of the economy by 3.2% in its first year, and about 30% in it's second year post IPO existing.
While we could claim that such a company can grow by consuming a larger share of the GDP ... this would not bode well for future political stability, and nationalization would be a major topic.
So your left with a fast take off scenario, a job apocalypse, or a massively reduced growth rate.
If Anthropic has anything line that level of success, it will also be at the expense of huge unemployment, because Claude is really competing with knowledge work
While we could claim that such a company can grow by consuming a larger share of the GDP ... this would not bode well for future political stability, and nationalization would be a major topic.
So your left with a fast take off scenario, a job apocalypse, or a massively reduced growth rate.