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Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)
submitted 5 months ago by to c/technology@lemmy.world
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[–] 13 points 5 months ago (4 children)

I really hope that some of these big players in the AI market will stay private. There are already enough headwinds to them being a force of good in the world without having to report to shareholders of the lowest denominator.

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  • [–] 6 points 5 months ago

    I assume they are all running for the public exit because they are losing money faster than they can raise it and don't have any reliable business models to which they can transition in the near term. If they can't become profitable, the next best thing is to go public while the hype is hot and to cash out ASAP.

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  • [–] 2 points 5 months ago (2 children)

    You mean you don't want every AI company to be driven by shareholder interests?

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  • [–] 1 point 5 months ago (1 child)

    There was an interesting podcast recently from freakonomics about Epic software and how it’s always been private. It reinforced my perception that companies do better for humanity when they stay private.

    Most C corps have the same tragedy of the masses problem that we face with pollution and resource scarcity. Not to mention that the average anything is mediocre. So, in a word, yes.

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