I think what's going to happen is that Anthropic will no longer be the darling of the AI industry. That doesn't necessarily mean anything about its IPO prospects or the underlying business, but I'm talking about the narrative that will dominate the conversation. I think three things are happening in parallel. First, the cost of AI is skyrocketing, while open-source models seem to be catching up in terms of the price-to-intelligence ratio. Second, Notion publicly criticized Anthropic's mode...