If Anthropic tanks in the public markets, that will cause a revaluation of OpenAI in the private markets. If they delay IPO to try another private round, they also want to sign that round early.

Perhaps that's Anthropic's plan, is they believe OpenAI is weak. If the IPO is good they win. If it's bad OpenAI loses.

> They just want to see Anthropic crash first and then be the last survivor.

I don't think so. There's only two real options here:

1. There's no bubble to pop

2. There's a bubble to pop

In the first case, the first AI company to IPO gets a ton of money from the market who wants to get in on this, and the second to IPO finds that there's not enough capital left in the public markets and has to sell for less than they'd wanted to.

In the second case, the fir5st to IPO gets money from their shares, which drop in value (bubble popping), adn the second to IPO gets absolutely nothing (bubble popped).

In both cases, the first to IPO gets the rewards, the second gets either less or nothing.