Hedge fund manager Michael Burry stated on September 14 that calls from OpenAI and Anthropic to slow AI development are self-serving. He argues these warnings are designed to create IPO hype and mask underlying growth issues.
Burry contends that large language models are statistical prediction engines rather than true artificial intelligence. He believes they will never achieve artificial general intelligence, making safety concerns unjustified.
OpenAI confirmed it will not pursue an IPO in 2026. CEO Sam Altman described such a move as ill-advised due to ongoing safety and alignment work.
Anthropic is reportedly planning a Nasdaq listing as early as October 2026. The company targets a valuation of $2 trillion and aims to raise nearly $100 billion.
Market reaction to these safety narratives was negative on September 14, causing a decline in AI-related stocks, including chipmakers.
