Comment by pessimizer

The real secret: the models have stopped improving, and they're even hitting brick walls on the harnesses.

They need to go public in order to dump the companies, which are at 1st world nation-state levels of debt. They've engineered a series of publicity stunts like the Huggingface hack and Navier-Stokes (a failed stunt) in order to convince the public to "force" them to stop improving.

They are trying to get the government to relax antitrust law so they can collude to raise prices while not improving, to keep them floating before that debt comes due. They will go public. They will sell off most of their holdings during this time, and when the debt comes due, everything crashes, and the public is left holding the bag, also benefit from the huge bailout.

They at that point will be pure Musk-style financial scammers. Then, unless LLMs are a complete long-term failure (which is unlikely, I find them useful), they will buy back into their positions at a huge discount and maybe even go private again.