r/technology • u/CarciaNerissa • 1d ago
Artificial Intelligence Anthropic logged net loss of over $80 billion in first half of 2026
https://www.reuters.com/business/anthropic-recorded-net-loss-over-80-billion-first-half-this-year-wsj-reports-2026-10-20/
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u/sarcasmsosubtle 1d ago
Thanks to the rollback of protections enacted after the 2008 financial crisis, we currently have a housing bubble even bigger than the one that we had in 2008. We also have a subprime auto loan bubble that seems to be popping right now, a student loan bubble that is on the brink of popping, and a credit card debt bubble that is rapidly inflating. Add that to paying higher interest rates on a national debt that has increased by over $21 trillion since Trump was elected in 2016, and we are looking at an economy that is on the verge of complete collapse.