I think no one wants to hold the bag.

Ya, these are the people who absolutely gave zero fucking shits about safety up until the point they realized they couldn't hand off the bag to the public.

My $0.02 is that Dario genuinely believes* this, Sam doesn't, but it's convenient for OpenAI to hitch its wagon to Anthropic's call for regulation because their financials are a mess.

• just because his belief is genuine doesn't mean it's reasonable. I find the whole thing kind of laughable actually.

What kind of numbers do they need?

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.

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.

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.

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

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.

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