Safety
š¦OpenAI's CFO held an all-hands meeting today to tell employees the company will go public by 2027 and not to worry about Anthropic beatingā¦
š¦OpenAI's CFO held an all-hands meeting today to tell employees the company will go public by 2027 and not to worry about Anthropic beating them to it. This came days after the CRO, COO, and product c
š¦OpenAI's CFO held an all-hands meeting today to tell employees the company will go public by 2027 and not to worry about Anthropic beating them to it. This came days after the CRO, COO, and product chief all left. OpenAI just reported 6.7 billion in Q2 revenue. Anthropic reported 11.5 billion for the same quarter. OpenAI is valued at 852 billion. My Take That all-hands happened because people inside the building are spooked. You don't pull the whole company together to talk about IPO timelines and tell everyone to ignore the competitor unless morale took a hit from three executives walking out in one month. The CFO called the IPO just another fundraise, which is an odd thing to say to a room full of people whose compensation depends on the stock being worth something. Both companies dropped revenue numbers within days of each other, OpenAI at 6.7 billion for Q2 and Anthropic at $11.5 billion, right as both prepare to go public. Neither number has been audited, neither company has reported an annual profit, and both have every incentive to put the best figure possible in front of investors before the roadshow starts. A lot of regular investors are going to buy both on name recognition without digging into how those revenue numbers were built or whether the companies can ever earn more than they spend, and I think both companies are counting on exactly that. Hedgieš¤
Source: Gary Marcus (X) | 2026-08-20