He also alludes to it here:

>What follows may be an Enron-Lehman Brothers hybrid, one that leaves unbelievable destruction in its wake, an avoidable systemic risk empowered and enabled by a kneecapped media industry and sell-side analysts incapable of seeing further than two quarters in the future.

He also mocks the financial statements from the companies in a way that alludes to them being fraudulent (from the OP):

> February 2025: Anthropic making $34.5B in revenue 2027 is "is laughable on many levels, chief of which is that OpenAI, which made around twice as much revenue as Anthropic did in 2024, barely made a billion dollars from API calls in the same year."

    Wrong (whether or not they make that in 2027, their 2026 ARR greatly exceeding that makes the 2027 estimate non-laughable)

    Wrong (2025 goal exceeded, 2029 TBD but not an egregious financial crime level of implausible)