Gary Marcus: OpenAI cut revenue forecast by $20B — frontier labs' WeWork moment?
Gary Marcus · rss · 2026-10-13
Gary Marcus argues frontier labs may face a WeWork moment. Key points:
- May's tokenmaxxing peak saw OpenAI talked up at a $1T valuation and Anthropic at $2T, but he doubts they merit it
- Chinese open-weight models triggered price wars; OpenAI cut its revenue forecast by $20 billion
- Rogue-agent incidents are making liability a major new issue ("Large Liability Modules")
- A new U.S. appeals court copyright ruling undermines generative AI companies
- OpenAI pushed its IPO to 2027; Anthropic is rumored to IPO next month but hasn't filed its S-1
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