Wall Street’s A.I. Bet Is About to Become Yours
6/10/202633 min
SpaceX, Elon Musk’s rocket, satellite and A.I. company, is about to go public at a record-breaking $1.77 trillion. This summer, Anthropic and Open A.I. will follow suit, also with sky-high valuations. Are they worth it? The Opinion writer David Wallace-Wells and the contributing writer Natasha Sarin, an economist and law professor, tackle that question and discuss what these I.P.O.s mean for the American economy in the near future and beyond.
(The New York Times has sued OpenAI and Microsoft claiming copyright infringement. The companies have denied those claims.)
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[upbeat music] This is The Opinions, a show that brings you a mix of voices from New York Times Opinion. You've heard the news. Here's what to make of it.
David Wallace-Wells· Host0:41
I'm David Wallace-Wells, a writer for Times Opinion and a columnist for the Times Magazine. It really wasn't very long ago that chatbots, LLMs, and big AI first really got the attention of the public. ChatGPT launched in late 2022. An awful lot has happened since then. But even so, every few months we have another burst of commentary about whether this is all a big bubble, whether the leading AI labs are raising too much money and spending too much money given how much they're earning, and leading the whole sector and maybe the whole economy with it towards a crash. But we're about to enter a new phase because two of these companies are preparing for absolutely mammoth IPOs. SpaceX too, which is both an AI company and a satellite company, is about to go public for