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New Constructs

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  1. 2026

    New Constructs calls Anthropic IPO 'most ridiculous IPO of 2026'

    Independent financial research provider New Constructs published a report calling Anthropic's upcoming IPO 'the most ridiculous IPO of 2026,' saying it poses a historic risk to financial markets and, at a $2 trillion valuation, would be 'a far bigger rip off of U.S. capital markets.' The firm valued Anthropic at about $150 billion and concluded that Anthropic's mounting operating losses and competition from open-source models mean 'We don't think Anthropic has a viable business.' Anthropic did not respond to a request for comment.

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