The Problem with Big Tech’s Public Offerings

As Big Tech eyes public offerings this year, market pressure, foreign influence, and AI bubble risks could undermine US economic stability and national security—especially amid competition with China.

Ten years ago, artificial intelligence (AI) was found only in science fiction. But now, it’s increasingly found elsewhere: in our computers, our conversations, and soon, on the stock market. This year will likely see public offerings from three gigantic American tech companies, SpaceX, Anthropic, and OpenAI. Unsurprisingly, each promises to yield immense amounts of money; SpaceX’s public offering is predicted to fetch up to $30 billion with a valuation of roughly $1.5 trillion, making it the largest public offering in history.

But going public could also pose a problem. Artificial intelligence, whether it is a bubble or the way of the future, is going to significantly impact the global economy, as well as America’s national security, against adversaries like China and in a broader sense. These expected public offerings will obviously benefit these companies and could benefit the United States. But they could also threaten it in a variety of ways. 

Read more at The National Interest.