What Smart People Are Saying About OpenAI’s IPO Filing 👇 OpenAI filed its confidential S-1, following Anthropic. Both AI giants are racing toward public markets while SpaceX is set to go public later this week. Here’s the pulse from Wall Street and tech: Gary Marcus: Highly skeptical, calls current trillion-dollar valuations delusional. “The only people buying at list price will be the stragglers who still can’t see it.” Gregory Allen: Points out that a $1T valuation implies an annuity that kicks out $45B a year forever. While gross margins look great, the big risk is timing, if they miscalculate their hundreds of billions in capex investments, they could easily run out of cash and face bankruptcy before the revenue wave catches up. Dan Niles: Prefers Anthropic over OpenAI. Says Anthropic is already profitable with explosive revenue growth, while OpenAI is stuck between Google and Anthropic. Aravind Srinivas (Perplexity): Still targeting 2028 IPO. Warns that weak debuts from OpenAI/Anthropic would send ripple effects across the industry. Joshua Achiam (OpenAI): “Should a loving ensouled machine God watch over humanity? Vote Anthropic. Should humanity be entrusted with the tools of its own progress? Vote OpenAI.” The move to public markets is inevitable, but these valuations are getting absurd. Burning billions while racing for dominance makes the IPO more about liquidity and retention than proven sustainability. Anthropic’s enterprise traction looks cleaner right now. Who do you think wins long-term: OpenAI, Anthropic, or someone else? 👀