The AI hype is real

YouTube Short · YouTube

• Short-form take on the AI IPO wave (OpenAI/Anthropic/SpaceX going public): frames the common narrative — that public listings are a historic opportunity for retail investors — against the counter-argument that the offering structure moves risk onto ordinary portfolios rather than rewarding them.
• Consistent with Nate’s broader “look past the announcement to the incentive structure” framing applied elsewhere to OpenAI’s government-equity offer and circular financing.