How Cheap AI Could Derail OpenAI And Anthropic's IPOs

Are OpenAI and Anthropic actually worth $1 trillion each. Well, soon Wall Street is going to find out. Both companies are courting investors for IPOs at valuations north of $800 billion.People really believed in this AI revolution, and they wanted to put their money to work behind it. The pitch, they're the next Microsoft, the next Google tech giants with pricing power that will last for decades. In the first quarter of this year, we saw if you were to annualize it 80x growth per year.But here's the problem ...