The A.I. Bubble Is Coming for Your Retirement Account

SpaceX, Elon Musk’s rocket, satellite and A.I. company, is about to go public at a record-breaking $1.77 trillion. This summer, Anthropic and Open A.I. will follow suit, also with sky-high valuations. Are they worth it? The Opinion writer David Wallace-Wells and the contributing writer Natasha Sarin, an economist and law professor, tackle that question and discuss what these I.P.O.s mean for the American economy in the near future and beyond.

(The New York Times has sued OpenAI and Microsoft claiming copyright infringement. The companies have denied those claims.)

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