Core Insights - The article discusses the anticipation surrounding the potential IPOs of major AI companies like OpenAI and Anthropic, which have not yet entered public markets [1][2] - There is speculation that once these companies go public, it could lead to one of the most oversubscribed IPOs in history, driven by retail investor interest [2][3] - The current market environment is characterized by caution, with concerns about AI spending and potential interest rate increases affecting investor sentiment [4][6] Company and Market Analysis - OpenAI and Anthropic remain private, with retail investors eager for access to these leading AI model creators [7] - Anthropic is projected to reach profitability sooner than OpenAI, despite having lower brand recognition [7] - Databricks is expected to debut with a valuation exceeding $100 billion, fueled by its rapid growth and partnership with OpenAI [7] Market Sentiment - There is a prevailing sense of caution in the market, but the demand for IPOs from companies like OpenAI and Anthropic is expected to drive significant initial success [5][6] - The article suggests that even in a fearful market, the IPOs of these AI firms are likely to be well-received due to the high level of retail investor interest [6]