[lelanthran]

> I used to agree with you but now do not. I now think the floor for this market is probably no worse than the annual revenue of cell phone plans in the US market. So say, $250 billion.

I don't think we're talking about the same thing. I'm talking about what their IPO is going to do to their share price.

In any case, $250b revenue translates to, best case scenario, $50b profit. On an investment of $1t. It does not look good for those companies making up the $1t investment.

[clusterhacks]

Gotcha. I'm past the point of having any confident thoughts about what happens to their share price at IPO.

What about the idea that there is a high likelihood that the potential share price for OpenAI and Anthropic are both going to be pretty divorced from a rational market price for either?