> that makes me wonder if the trillion dollar valuations for OpenAI and Claude are even justified. They aren't, not even if we forget about the capable Chinese

> that makes me wonder if the trillion dollar valuations for OpenAI and Claude are even justified. They aren't, not even if we forget about the capable Chinese models. I suspect Anthropic will implode soon when employees are unable to get the cash-out that they expected. Having so much compensation locked up in company stock is risky on a good day.