Frontier AI labs like Anthropic are being valued on the same scarcity premium once given to L1s.

First reported Oct 14, 2026, 16:00 UTC

Source reports

Frontier AI labs like Anthropic are being valued on the same scarcity premium once given to L1s. Investors watched that premium fade once blockspace became abundant. Usage kept growing even as each transaction earned less. Open models, distillation and model routing are now… — @Delphi_Digital (X), Oct 14, 2026, 16:00 UTC

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