[zpeti]

I actually think the public markets have a lot less faith in openai than softbank does. They need these crazy investors. Public markets would not value openai at $1.4trn. So they can't go public. It would reveal how bad things are.

[disgruntledphd2]

I used to hold this theory, but apparently Anthropic are planning to IPO, and surely both of them would be valued similarly?

Anthropic don't have all the free users, but they're also raising absurd amounts and have similar costs.