"The main fall will be the idiots that 'invested' in AI companies."
That's so far from the truth. This has the possibility of completely cratering the IT industry as a whole, because these companies are not going to give up on AI. They'll cut other things first.
The blast radius is huge: OpenAI/Anthropic are heavily invested in Google, Amazon, Oracle, and NVIDIA. Those companies in turn, are invested in myriad AI research efforts (of which OpenAI/Anthropic are in no small part).
Anthropic is likely the lynch pin here. In the last couple months, they've bunged things up great:
* “Ai is dangerous!” Fearmongering to push an agenda about open weight models, and had the entire industry rally against them (including their investors).
* A serious high profile "escape" which impacted HuggingFace
* Constant drama with nerfed models and downgrading Fable users
* Covert quota manipulation on the plans
* Frequent and severe outage/downtime since the beginning of the year
* Opus 5 being what appears to be a fairly crippled model: it can one shot things, but don't ask it to actually plan or follow directions. It won't.
* Heavy handed "safety" alignment which makes their models refuse to do... almost anything, really.
* Kimi K3 coming out and eating their lunch in many regards + new Deepseek, GLM and Qwen models right the horizon (amongst others) - nevermind Llama, Mistral and others which could well be another surprise.
Anthropic's escape hatch of an IPO is all but sealed shut, given the above. Their one hope was regulatory capture of the mote, and now they don't even have the mote, and the entire industry is against them for regulatory capture purposes.