CZ Says Most AI Companies Will Go Bust 🚨

Binance founder CZ warned this week that most AI companies will go bust, despite the sector's growth. The timing is notable. Anthropic just closed a $65 billion round, nearly tripling its valuation. OpenAI is filing for an IPO targeting a September debut at an $852 billion valuation. But OpenAI has guided to losses through at least 2028. The IPO filing will be the first real test of what a trillion-dollar AI company actually earns.