Neither OpenAI or Anthropic are profitable ahead of IPO

Two kinds of investor: the one who wants to sell in the post IPO flurry to maximise immediate profit, and the one who believes out the other side is a long term rise in value and maybe even returns to shareholders.

I don't believe in the second outcome. I do believe the first outcome will still do well.

I'm a passive investor. I have no idea if my pension fund invests in either category.