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Frontier AI Labs: the Call Option to AGI Highlight

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I argue that for AI labs to justify their valuations (OpenAI at $300B, Anthropic at $61.5B, and xAI selling secondaries at a $113B), they must execute a multi-pronged strategy: capture advertising revenue from incumbents, build a defensible enterprise business, and invest in moonshot endeavors.

— Kevin Zhang

Replicated under Fair Use from Frontier AI Labs: the Call Option to AGI by Kevin Zhang.

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