Michael Burry labels AI safety concerns from OpenAI and Anthropic as 'puffery' designed to inflate IPO valuations, while executives debate the feasibility of global development speed limits.
Investor Michael Burry has accused OpenAI and Anthropic of using calls to slow AI development as a self-serving tactic to generate hype for upcoming IPOs. Burry argues that current Large Language Models are not true AI and that these companies are attempting to mask growth concerns while positioning themselves against rising competition.
Burry contends that these companies are using safety concerns as a marketing tool to create hype for IPOs and to protect their market position against emerging competition.
OpenAI has ruled out an IPO for 2026 citing safety challenges, whereas Anthropic is reportedly proceeding with a planned IPO on the Nasdaq in October.