Not sure what to make of the WSJ’s report on Anthropic’s draft IPO prospectus:

The company is on the hook to pay around $450 billion in cloud computing agreements over the next seven to ten years. The bulk of these deals are noncancelable.

Not great. They probably should’ve built data centers a year ago like OpenAI did. I don’t believe AI is a bubble, but this IPO makes it feel like it, and a lot of companies will fail.