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Anthropic has filed for IPO, AI industry’s gigantic debts are making investors increasingly nervous • America's AI-related firms have borrowed around US$850bn this year, or four times the 2023 amount • Together their balance-sheets carry more than US$3trn of debt www.economist.com/business/202...

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Token maxxing consumption revenues Subscription vs consumption revenues How organic are the revenues? Revenues from top customers also fluctuating.