AI Giants Prepare for Mega IPOs Amidst Global Memory Shortage Chaos

Two major AI companies, Anthropic and OpenAI, are gearing up for massive IPOs. Anthropic has filed confidentially with the SEC and is planning to float in October, with early investors valuing it at $2 trillion or more. This valuation is based on a revenue multiple of 30x, which is considered low compared to other tech companies.

OpenAI, meanwhile, has a revenue run rate of over $40 billion and is rebuilding its revenue engine for the public markets. The company has appointed a new chief revenue officer and has made significant changes to its business model, including price cuts and a focus on enterprise customers.

Google, another major player in the AI space, is reorganizing its global AI management from London to California. This move is seen as a shift towards making AI products rather than just labs, with a focus on efficient models scaling to billions and selling to high-end customers.