The Problem With OpenAI and Anthropic. $1.2 Trillion in AI Wants to Go Public, and Neither Company Can Close the Trust Gap.
OpenAI and Anthropic want IPOs worth more than $1.2 trillion combined. Revenue is surging at both companies. But in the span of eleven days, both handed the market reasons to doubt. Anthropic shipped its source code to a public registry for the second time in thirteen months. A New Yorker investigation built on 100 interviews called Altman "unconstrained by truth." His own CFO says the company is not ready. The safety premium is becoming a governance discount.
OpenAI and Anthropic are racing toward IPOs worth more than $1.2 trillion combined. This analysis examines why both companies spent March handing investors reasons to doubt them: a New Yorker investigation that reopens every question about Sam Altman's candor, two source-code leaks that crack Anthropic's safety brand, and a CFO who says her own company isn't ready. The safety premium is becoming a governance discount.
Senior broadcast journalist and former ARD correspondent for Europe's largest public broadcaster. Covering the tech industry from San Francisco for 10+ years. Founded implicator.ai for independent, rigorous AI reporting.
E-mail: [email protected]
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