The Journal. · Tuesday, July 28, 2026
The emergence of competitive Chinese AI models raises concerns for major US AI firms like OpenAI and Anthropic, which are reportedly heading towards multi-trillion dollar IPOs. The possibility of cheaper Chinese alternatives could significantly undercut these companies' business models and impact their high valuations.
“You have Anthropic and OpenAI barreling toward IPOs with valuations around a trillion dollars or other really high figures.”
“And the notion that China could come out with more products to undercut those businesses is really scary for a lot of people.”