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#分享美股交易赢英伟达股票 The AI Tri-Force IPO Race
Today, the biggest theme in the AI industry is the "listing race."
Anthropic officially submitted a confidential S-1 to the SEC, with a valuation of $965 billion, annual revenue surpassing $30 billion, underwritten by Goldman Sachs and Morgan Stanley. It could go public in the U.S. as soon as this fall.
OpenAI submitted its S-1 around the same time, aiming for an IPO in September. SpaceX held a roadshow on June 12. The combined fundraising scale of the three may exceed $240 billion.
Don't think this is just about fundraising news. The valuation logic in the AI track is shifting from "primary market competition" to "public market pricing." Previously, it was about "who raises more," and now it's about "revenue, profit, and growth rate."
Anthropic has $30 billion ARR, while OpenAI's revenue at the same time is $5.7 billion but with a -122% profit margin. The two companies are on completely different paths, and the market's voting will be very interesting.
The CEOs of OpenAI, Anthropic, and Google jointly sent a rare letter to Congress, requesting legislation to regulate the safety review of synthetic DNA/RNA ordering. Coupled with Trump's 30-day inspection executive order, AI regulation is upgrading from "moral initiative" to "legal obligation."
Alphabet completed an epic $80 billion financing. DeepSeek launched the largest domestic AI funding round, raising 50 billion yuan, with a post-money valuation of about $59 billion. Microsoft Build released seven self-developed MAI models, including MAI-Thinking-1 with 1 trillion parameters. MiniMax M3 is open-sourced, surpassing GPT-5.5 in programming. Nvidia announced seven major products at GTC Taipei, with Vera Rubin's reasoning performance improved by 3.3 times. CTA focus: the AI industry is "de-anchoring"—Microsoft moving away from OpenAI, Anthropic shifting from primary markets, Google moving away from traditional financing. Each is building its own independent moat.
For ordinary people, the ability to deploy locally and orchestrate agents is appreciating. Your efforts with Hermes, Codex, Kimi are shifting from "trying out" to "necessity." $NVDA