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In the podcast Reading tea leaves Zsolt Janos discusses daily developments in the capital markets. Complex relationships are explained clearly, comprehensibly, and concisely, drawing on his many years of experience.
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08.05.2026
Fast lane for Claude: Anthropic's rapid ride on the wave of demand
Anthropic is establishing itself as a key player in the growing AI market, driven by an unprecedented surge in demand. Due to the enormous demands on infrastructure and resources, strategic partnerships are becoming essential, as no single company can manage the expansion alone.
The content discussed in this podcast is for general informational purposes ONLY and under no circumstances constitutes a recommendation to buy or sell specific investments, and therefore does not represent investment advice. The presenter cannot assess the risk profile and financial situation of individual listeners. Anyone who decides to buy or sell investment products/assets based on the information discussed in this podcast does so at their own discretion and risk. The presenter therefore cannot accept any liability if you make your own investment decisions based on the information in this podcast and consequently incur losses.
Summary: Key takeaways about intuitive eating
Welcome to an in-depth look at current developments in the capital markets. Zsolt Janos examines how an emerging AI company is taking the financial world by storm and what consequences this could have for investors in Germany and Austria. The US earnings season is over, but news from the AI sector continues to generate buzz.
Anthropic is on the fast track: AI demand is exploding.
The names of leading thinkers in the field of artificial intelligence (AI) are still unknown to many outside the tech bubble. While industry insiders can immediately recognize names like Jensen Huang (Nvidia) or Sam Altman (OpenAI), the situation is different with another important player: Dario Amodei, the CEO of Anthropic. Anthropic, a spin-off from OpenAI, also develops advanced AI systems and is on the verge of going public – a move that is also expected of OpenAI.
The faces behind the AI revolution
- Jensen Huang: CEO of Nvidia, a key company for AI hardware infrastructure.
- Sam Altman: Known as CEO of OpenAI and the driving force behind ChatGPT.
- Dario Amodei: CEO of Anthropic, an up-and-coming AI developer that is also writing an impressive growth story.
Anthropic's rapid rise: From OpenAI spin-off to IPO candidate
Dario Amodei recently announced that demand for Anthropic's AI systems exceeded even the most optimistic expectations in the first quarter. Originally, a tenfold An increase was predicted, but the actual demand was 80 times higher than in previous quarters. Such figures are impressive, especially since Anthropic is not yet publicly listed and therefore does not have the strict reporting requirements of a public company.
Pre-market valuations and the power of story
The period before an IPO is often the phase in which companies experience the greatest increase in value. This is when stories and visions are told to convince pre-IPO investors – mostly institutional investors with large stakes of one million euros or more. These investors are not just buying a business model, but above all, the company itself. Perspektive on future price increases and a sensational development of the stock after the IPO.
Unlike traditional stock investments, which are based on profit sharing through dividends, many investors today are looking for Price increasesIf a company's share price rises sharply while profits in its core business stagnate, this reaches a critical point. Price-to-earnings ratio (P/E ratio) There comes a point where it becomes unattractive. Then the euphoria cools, and share prices can even fall until the company becomes more attractive again based on its fundamentals. In the AI sector, however, valuations are currently being driven massively upwards by high multiples and a general hype atmosphere.
Gigantic investments in AI infrastructure
The exploding demand for AI services requires massive investments in computing power and infrastructure. Anthropic is a prime example of the aggressive way companies secure resources:
Anthropic's computing power offensive
- November: Anthropic invested for the first time 50 billion Dollar in computing power.
- Late November: Commitments from 30 billion Dollar to Nvidia and Microsoft for around 1 gigawatts Computing power.
- April: Securing 3,5 gigawatts at Google and Broadcom.
- Amazon & Google: Further securing of each 5 gigawatts Computing power.
- 6. May: Acquisition of over 300 Megawatts Computing power from SpaceX.
This securing of computing power from various providers – from Google and Microsoft to Amazon and SpaceX – clearly shows that the availability of computing capacity is key to satisfying the strong demand for AI.
Hyperscalers as a driving force: billions in investments
The major hyperscalers such as Amazon, Google, Meta, Microsoft and Oracle are responding to this development with unprecedented investments in expanding their infrastructure:
- 2024: These five companies invested together 220 billion Dollar, an increase of 50 percent compared to the previous year.
- 2025: Planned increase by 70 percent on 380 billion Dollar.
- 2026: A further increase by 80 percent expected to be between 680 and 750 billion US dollars.
- 2027: Planned investments by 840 billion Dollar, a plus of 24 percent.
These figures illustrate the massive capital commitment and the belief in the long-term growth of the AI sector. This capital is flowing into companies building the necessary infrastructure, ranging from manufacturers of construction equipment for data centers to companies building the necessary infrastructure.
Conclusion for investors: Facts, not blind flight.
The current mood in the AI sector is characterized by euphoria, which is pushing both healthy and weaker business models to the forefront. For investors, it is therefore crucial not to be swept away by this "blind flight." It is essential to... realistic demand, the Financial indicators and the balances The companies need to be examined closely. As long as there is real demand for AI services and infrastructure, capital will flow into this sector. However, a thorough analysis is essential for long-term success.
Your partner for well-informed investment decisions
In times of such dynamic market changes, professional and independent wealth management advice is essential to seize opportunities and minimize risks. Zsolt Janos offers his expertise to optimally tailor your investment strategy to your individual goals.
Learn more about tailored solutions for your assets and arrange a personal consultation: https://www.zsoltjanos.at/vermoegensberatung
