Skepticism on Anthropic's $30T TAM: calculating ROI in a winner-takes-all market

teortaxesTex · x · 2026-08-26

Citing Anthropic's claimed $30 trillion Total Addressable Market (TAM), the author questions the calculation of risk-adjusted ROI. The argument suggests that if capitalism holds and the winner takes the entire pie, losers get nothing. This raises questions about how to rationally assess risks and returns against massive TAM projections like those from SpaceX and Anthropic.

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