OpenAI's $300 billion valuation finally has a real competitor benchmark — and the comparison is brutal. Anthropic is reportedly approaching $2 billion in annualized revenue and growing triple digits year-over-year, yet trades at a fraction of OpenAI's revenue multiple. After this episode, you'll know exactly how to stress-test AI unicorn valuations using comparable analysis, and why the data flywheel argument may be the most dangerous myth in tech investing right now.

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This episode was produced using AI-generated voices and scripting.