Steve Eisman challenges AI labs to postpone IPOs if they truly fear runaway technology, warning that weakness at OpenAI and Anthropic threatens the entire AI ecosystem.
Eisman trimmed AI exposure and warned weakness at leading AI labs could ripple through Nvidia.
Eisman argued Anthropic has no moats and is manufacturing a regulatory crisis, despite its planned mega-IPO.
Eisman called OpenAI the weaker company of the two and tied its IPO delay to that weakness.
Investor Steve Eisman has reduced his AI holdings, dismissing safety concerns as a strategic ploy to manufacture regulatory moats. He warned that potential instability at leading labs like OpenAI and Anthropic could trigger a significant downturn for Nvidia and the broader AI infrastructure trade.
Eisman suggests these companies are creating a manufactured crisis to invite regulation that would establish a duopoly and protect their business models.