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https://theconversation.com/as-spacex-openai-and-anthropic-plan-blockbuster-launches-will-it-make-ai-giants-more-accountable-284665>
"A huge change is coming to the world’s booming artificial intelligence (AI)
sector.
Starting with Elon Musk’s SpaceX, with OpenAI and Anthropic preparing to
follow, all three private companies are set to sell shares of their stock to
the general public for the first time. These are what’s known as initial public
offerings (IPOs).
SpaceX – the first of them to launch this Friday, June 12 – expects to raise
$US75 billion from selling just 4% of the company’s shares.
Musk is already the world’s richest man, worth around US$800 billion. He owns
around 42% of SpaceX now, plus options to buy more shares at a fraction of the
US$135 a share price ordinary investors are being asked to pay. Given his
existing wealth, after this Friday’s listing Musk looks likely to become the
world’s first trillionaire.
Together, these three companies are valued at almost $US4 trillion and are
expected to raise a record-breaking $US200 billion, despite well-founded
concerns that big AI stocks are now hugely overvalued.
While most of the news coverage has focused on the money involved, there’s
actually another side to these sales that could be a big deal in the longer
run.
At a time when everyone from the Pope to people from all walks of life
worldwide are concerned about AI’s growing role in our lives, these stock
exchange listings have the potential to finally bring some extra transparency
to the inner workings of the AI giants."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
