Are We at Peak Anthropic?

Anthropic has been portrayed as a SaaS assassin. Anthropic launches connectors and plugins to various enterprise apps, and SaaS stocks tank. Anthropic doubles down on Claude Code and Cowork, and suddenly, we're all expected to generate ERP, HCM, and ERP systems on the fly. Anthropic rolls out security code checks, and cybersecurity stocks stumble. Anthropic talks about modernizing COBOL, and IBM shares collapse.

By next week, Anthropic will be making us dinner, collapsing restaurant shares, brewing beer on the fly, and building houses with robots that run Claude as their brain.

Simply put, we're nearing peak Anthropic hype if we're not there already. What's lost in all of these storylines is the nuance. After all, nuance isn't as much fun. Here's a nuanced view of Anthropic because multiple things are true about the LLM giant at once.