In a recent discussion, Keith Teare speculated that OpenAI could achieve a valuation of $10 trillion, while its rival Anthropic might hit $5 trillion, raising eyebrows in the tech community. This potential combined valuation would surpass the GDP of every country besides the U.S. and China, marking a shift into what some consider “fantasy territory” for AI valuations. As traditional search methods decline, AI-powered alternatives like Perplexity’s Comet browser now capture around 25% of users, signaling a significant threat to Google’s advertising model. San Francisco is witnessing a tech boom driven by AI, with soaring real estate prices and fierce competition for talent reminiscent of the late ’90s. However, the AI landscape is evolving differently, with multiple players like Anthropic and even Chinese models emerging as strong contenders. In response, Big Tech companies are scrambling to secure AI talent while avoiding regulatory hurdles from the U.S. government.
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