The entire thesis rests on a revenue number from a private company that has never disclosed one. Banxia either has a leaked Anthropic investor update, a modelled inference nobody can audit, or something a former employee said in a room. Bloomberg does not know which. Banxia declined to say. That does not make the call wrong. It just means the most important contrarian signal in markets right now cannot be verified until it is already too late to act on it.
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