Comment by rvz

You might know this already but we are in the middle of an AI bubble.

The valuations are meaningless and that is the massive ponzi scheme that is hoping that another company acquires it for more than the valuation or even better - the founders sell shares onto the secondary market before the company collapses.

Hopin was once 'valued' at $4B - $9B. Clubhouse was once 'valued' at $4B with little to no revenue to back up their valuations or even accounting for the risk of direct competitors.

Given that Anthropic is the supplier AND competitor (with Claude Code) to both Cursor and Devin you will find that unless both of them find a way to enter a new market which doesn't already benefit Anthropic, they are going to find it extremely difficult to justify their valuations.