Comment by TrackerFF

I don't think we can use normal valuation methods for these AI companies.

Things are moving so fast, and these companies have no moat whatsoever. Purchasing a company for 30x annual revenue (and as others have pointed out, how much of this revenue goes straight to companies like Anthropic?), without knowing if it's even going to exist in 3-5 years, seems bonkers.

I mean, congratulations to the founders on becoming billionaires in record time, but this is uncharted territory.