“I believe that this is going to derail their IPOs. I'm taking it from the top. It's gonna derail their IPOs.”
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Anthropic or OpenAI cancels, delays, or significantly reduces IPO valuation expectations due to open source competition
Chamath predicts Anthropic and OpenAI will face massive margin compression from high spending.
Chamath predicts a 10x reduction in output token costs will occur
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