Ed Zitron claims in a recent interview that Anthropic and OpenAI are unable to measure the ROI associated with their products. he goes on to say:

“When it comes to the model companies they are horrifyingly, horrifyingly unprofitable. I think OpenAI lost twenty-something billion last year. Anthropic's probably not far behind that..

That’s the thing — when we see these S1s I think it is going to be kind of a massacre, because I think that people have this view that these companies are becoming more profitable or even have a path to profitability, and they don’t have one”

Resolution criteria

This market will resolve to YES if, upon the public release of the Form S-1 filings (or equivalent public IPO registration statements) for both OpenAI and Anthropic, I subjectively think Ed Zitron’s take was accurate. I will base my opinion on mainstream reporting and industry commentary.

If neither company has publicly released their S-1 filings by December 31, 2027, this market will resolve to N/A.