The Great AI IPO Race

Yesterday afternoon, news broke that OpenAI was preparing a confidential filing for an IPO. This was a few hours before the stock market closed for the day after which SpaceX filed their first public S-1. Shortly thereafter, word leaked about Anthropic's updated financials – notably that the insane growth they're seeing meant that they were likely to turn a profit this quarter well ahead of previous expectations. A profit? In AI?!

The fact that these stories all hit in the same general window on the exact same day... to quote Jeremy Culhane's impression of Tucker Carlson, "Huh. Really?" And I'm supposed to believe this is a coincidence? Really? It feels like jockeying...

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