Cloud Shift Holds

Anthropic maintains the removal of local Cowork execution for paid users, arguing that cloud inference improves battery life, cross-device continuity, and mobile reliability. The most likely outcome is a managed transition rather than a reversal, especially because the earlier Google cloud deal gives Anthropic capacity and commercial incentives to centralize workloads.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.