MarpoleAI's Dmitri Maxim discusses Anthropic and the mounting questions surrounding the company's valuation after releasing its S-1. That same release showed a reported $80.7 billion in losses during the first six months of 2026. As Dmitri explains, the Claude parent company needs to prove that the wide valuation gap can be supported by expectations of sales multiplying in the coming years. There's also concentration fears with Amazon (AMZN) and Alphabet (GOOGL) taking up a massive piece of its revenue.