so Anthropic said they are committed to give away 20% of their company’s shares to the public

Elon today said he is ready to give one share of $SpaceX(SPCX.US) to every American child, worth $10B at today’s prices

the reason for this is because both feel that AI is going to so transformational, which also means so disruptive to our current economic system, that they probably know a higher tax rate is coming and would rather give their money directly to the public vs having it go through a government agency

at the same time, the market is upset because of CoreWeave’s bonds

how can Elon and Anthropic think AI is so important that they need to literally give away their shares (Elon today said we will have universal high income) but the market is questioning the entire fabric of the AI trade

someone is wrong here

Source: amit