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No Anthropic Stock Exists, but Crypto Traders Just Priced It at $2T

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Abstract
The artificial intelligence (AI) giant Anthropic is still private, but crypto traders are assigning the Claude maker an implied valuation of about $2.12 trillion through synthetic perpetual contracts that do not represent company shares. The juggernaut OpenAI has witnessed its synthetic perp contracts push the firm’s inferred worth to $1.58 trillion. On Sept. 9, Defillama’s […]
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