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Why OpenAI and Anthropic may struggle to float
为什么说OpenAI和Anthropic上市可能面临更大阻力

The costs of remaining at the frontier of AI are punishing, but the penalties for falling behind may be even worse
始终站在AI前沿的成本高得惊人,而被落下付出的代价可能更惨重。

The legendary investment sage Benjamin Graham famously wrote that “in the short run, the market is a voting machine, but in the long run, it is a weighing machine”. When it comes to the current AI boom, the short run may be drawing to a close and the long run is approaching fast. 

传奇投资大师本杰明•格雷厄姆(Benjamin Graham)有句名言:“从短期看,市场是一台投票机,但从长期看,它是一台称重机。”就当前这轮AI热潮而言,短期或许正接近尾声,而长期正快速逼近。

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