>> I do expect them to IPO in ~6 months - they were planning to IPO in 2026Q4 but they torpedoed those plans, and Sam Altman said it's off the table for the rest of 2026. The implication is that it's on the table for 2027Q1.

Whether they IPO depends on a lot of factors. For example, if we see a market meltdown triggered by data center moratoriums, then neither lab will IPO in 2027 at the very least. And if Anthropic achieves RSI first, there won't be much investor interest in a clearly inferior lab.

RSI has already been achieved, but it is not the infinite wealth, eternal life, ending all disease fantasies, and there is no monopoly, just more intense competition as everyone is capable of replicating it, so bad news for that investment thesis.