Politics first reported 21m ago by Axios · updated 9m ago

The AI industry's week from hell

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Axios FIRST 21m ago The AI industry's week from hell
A week of political upheaval , financial turmoil and salacious scandal delivered one final indignity to the AI industry Tuesday, as Anthropic's staggering IPO target fell short of expectations. Why it matters: The bubble is wobbling. Investors, businesses and governments need a spectacular success from Anthropic to stave off a crisis of confidence that could tear through the broader economy. Facing new political headwinds, the industry can scarcely afford another setback — much less the spectacl