alphabet is "worth" 2.45 trillion on the public market, is anthropic worth a bit less than 10% of google going forward? I don't think that's entirely unreasonable...
It's both insane and not unreasonable. If Anthropic's internal version of Claude Code gets so good that they can recreate all of google's products quickly there's no moat anymore.
If AI is winner take all, then the value is effectively infinite. Obviously insane, but maybe it's winner take most?
It's the techno-hubristic version of Pascal's wager. The reward for the existence of God is infinite, so it worth investing all the money in the world to create one.