Anyone who has gone through an IPO knows how fucking rigorous all of the audits and reporting are for investors. Guaranteed 1000% that they failed the audit, or worse they didn't even get to the audit stage, or as you said their finances they know are shit. It is zero surprise to me that they're waiting.

Financial Times reported that Anthropic is telling investors "gross margins are above 80% before revenue it shares with distribution partners and before the cost of training models."

This is like saying, "I got $500 at the casino, but don't ask me how much I spent on the slot machines". All the AI corpos are in the same boat, so this "fear of danger" is likely a smokescreen for, "we're hemorrhaging cash".

No one will ever go to prison, so the scam works. Extract as much money as they can while destroying the world.

I’m so glad an at home competitive solution to the AI fuckery is here now. I hope this fast forwards the bubble bursting and pc prices go back down when an iPhone or Android phone can run an equally good AI on the device itself.

This generation of AI architecture is cooked. The bet now is that the next generation "AGI" resulting from all the new datacenters will repay the trillions invested.

Their business burns a gallon of gas per homework assignment cheated and Anthropic does it better while China does it cheaper.

Indeed. Next year several billion dollar loans of theirs comes due, with more and larger ones the following year and so on.

thiel will be very disappointed his apostate.

The tech CEO’s are playing into fears of AI, because their development didn’t meet their hype

Across boardrooms, overpaid MBAs constantly lose billions on the simple concept that all graphs continue to extrapolate favorably, propped up by investors who believe the same thing.

And tons of retirement funds, not just in the US. Before I took manual control of mine, about 30% was US stock indexes.

He has a simple, but actually complicated task: boost AI hype, but reduce the competition, ESPECIALLY on the side of open source Chinese models.

That's the sole reason for "AI is cool, but dangerous, and we must control it" and "We must break free from China" rhetoric. He is tasked to make AI grow as a proprietary technology, so that there's any chance at all to recoup the immense investment that was made. If open, local LLMs maintain their position, OpenAI cannot leverage its own position to demand exorbitant prices for access to ChatGPT - and that is the key condition to recoup all of the investments that were made.

They will never go public. Their finances will be in an even poorer state next year, because that is when the first of their many billion dollar loans are coming due.

That and they haven't met their hype. These LLMs can't overcome a lot of problems like hallucinations on their own, due to the way it works. They promised exponential improvement, and haven't delivered.

They don't give a fuck about the dangers of AI obviously anyone that believes that I have an exciting investment opportunity for.

Probably not in AI itself but SpaceX has starlink which I believe is actually profitable

I am waiting to see how and when anthropic IPOs, because I think that is l the more important comparison. OpenAI is caught between a rock and a hard place, because they want to go public for exit liquidity, but anthropic will always be a direct comparison. And if the financials aren't in their favor, then they won't get the valuation they desire as the second best.

shareholders losing value when another country they did not invest in taking over. you know that “market and invisible hand”

From a technical point of view? It's just software. If you give a software with semi-random outputs access to control external tools, it will do semi-random stuff and could cause harm. And since the people that loves these little runner also likes to run hundreds of them concurrently, with the ability to spawn more, they can cause harm real fast with no oversight.

If you don't give them uncontrolled access to anything though? Not much harm in that. But it's harder to sell the "this is the future of everything" if you put pesky things like checks and limited capabilities for the sake of safety.

So, nothing unique to AI, except the scale of it.