Anthropic 等前沿实验室的投资逻辑：智能通缩与研发通胀之间的博弈
RT malinvestment.jpeg: Anthropic / frontier lab investment case comes down to how you reconcile the following, or why you think one or several of thes...
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作者分析 Anthropic 等前沿实验室的投资前景，核心是几组趋势能否调和：ECI 单 token 或单任务价格每年下降 5-10x，每提升 10 点 ECI 溢价从一年前的 4-9x 降至 3-4x。
来源：@zerohedge · x.com