Some people just start out with wanting LLMs/AI/Anthropic to fail or be scams and consistently try to fit any new evidence pegs into those unchanging hypothesis-shaped holes. This group ideologically despised LLMs from the start and needs them to be fake.
You're narrowly focused on writing code. What about when they can run entire firms themselves, better than the average human CEO could? What about when we have models way, way, way better than Opus 4.6 and 5.5?
The point is we will eventually very likely have AI systems that can do everything. Everything. Anything and everything a human can do with - or even without - a computer, and then better than anything or everything a human can do, including in terms of creativity and innovation and novelty and insight. Obviously I don't know when that might possibly be, and it's not happening next year or something, but you can't just pretend like we hit the cap on the technology.
That would mean the whole idea of free markets will be rendered obsolete, instantly destroying the idea that investing in Anthropic is sensible.
Why assume that?
So much money have been given to that handful of companies and to that field, that it's pretty much guaranteed to plateau (it's not some small but growing market with lots of room to grow. It's already taking as investment a huge chunk of the economy, and the returns don't seem to justify it).
Most of it is a pre-IPO hype and a circular financing loop between Nvidia, Oracle, Amazon, and the AI players anyway, so the real returns are even worse.