Everyone's calculating how Anthropic's valuation has slashed from $2 trillion to $1.5 trillion, and they still think it's too expensive; large institutions are pushing it down further. I think this company is better at one thing: slowing down. In September, the CEO personally wrote, "We must slow down the pace of AI capability improvement." On Monday, the two most powerful new models were delivered, officially claimed to be 30% faster and 20% cheaper than the previous generation. The product manager stated, "What we're calling for is controlling the pace, not pausing." Okay, that's quite a timing. A price range will be set this week, and it will list next Thursday or Friday. OpenAI, next door, just raised $11 billion last week, with a valuation of $1.25 trillion; they originally wanted to raise $20 billion. The most courageous thing about AI isn't building models, but that the market has just been pumped, and they still want to hold a trillion-dollar IPO before Thanksgiving.