{
  "id": 18017466,
  "title": "The Anthropic Feedback Loop: The Cost of Capital Delusion and Diversion!",
  "url": "https://urgent.news/2026/11/03/the-anthropic-feedback-loop-the-cost-of-capital-delusion-and-diversion",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-03T20:11:36.000Z",
  "source": {
    "name": "Musings on Markets",
    "slug": "musings-on-markets",
    "url": "https://aswathdamodaran.blogspot.com/2026/11/the-anthropic-feedback-loop-cost-of.html"
  },
  "original_language": "en",
  "account": "In my recent post on Anthropic, I mentioned that the post generated strong reactions. I clarified that my valuation was meant to guide my own decisions, not others. My model is open to adjustments based on inputs from others, and I tried to incorporate those inputs as much as possible. Much of the criticism I received has been constructive, but some of it stems from a misunderstanding of market history, current market pricing, and basic business principles. I plan to critique my own valuation, identifying the most vulnerable inputs and reinforcing some fundamental corporate finance principles.",
  "summary": "I knew that my post on Anthropic would draw strong reactions, when I made it public last week. I did mention in the course of the post that I have no interest in selling my estimate of value to the rest of the world, both because I don't own the high ground here and because it is meant to guide my decisions, not yours. That is why I made my model open to changes that you can make to my story and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}