QuoteHere's the thing about Anthropic's (ANT (https://www.barchart.com/quotes/ANT)) relationship with hyperscalers like Alphabet (GOOG (https://www.barchart.com/quotes/GOOG)) (GOOGL (https://www.barchart.com/quotes/GOOGL)) and Meta Platforms (META (https://www.barchart.com/quotes/META)). They are collaborators, and they are competitors. So if you are confused by all of that "circular financing," you are certainly not alone.
That tangled web isn't just an academic debate for venture capitalists. It is showing up in real time on the tape. Specifically, it is starting to cause serious trouble for the Communication Services Select Sector SPDR Fund (XLC (https://www.barchart.com/quotes/XLC)).
Link: https://www.barchart.com/story/news/8577768/anthropic-s-frenemies-meta-and-google-are-showing-cracks-in-the-ai-trade-what-that-tells-us-about-the-anthropic-ipo (https://www.barchart.com/story/news/8577768/anthropic-s-frenemies-meta-and-google-are-showing-cracks-in-the-ai-trade-what-that-tells-us-about-the-anthropic-ipo)