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AIHOT · Published October 27, 2026 at 01:57

Gary Marcus notes that the draft S-1 filed by Anthropic omits Q3 data

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Gary Marcus reviews the draft S-1 released by Anthropic today, pointing out that certain sections directly lack Q3 data. He previously urged attention to disclosures in the S-1 regarding demand changes over recent months, suggesting this relates to the waning of tokenmaxxing and the rising popularity of low-cost alternative models, using the Sherlock Holmes analogy of 'the dog did not bark in the night' to imply that the absence itself is noteworthy.

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