Author warns against Anthropic and OpenAI IPOs

The author argues that investors should avoid upcoming AI IPOs from companies like Anthropic and OpenAI, predicting a major market correction in centralized data center infrastructure. Pointing to historical parallels in automotive overbuilding and computing shifts, the author contends that the proliferation of open-weight models, hardware improvements for local execution, and growing corporate security concerns will drive AI workloads back inside private enterprise walls. Open article →