OpenAI targets $1.4T valuation on $13B revenue and ~$8B operating loss. Anthropic eyes $2T+ IPO with $4.6B revenue, also burning ~$8B. Combined valuation: ~$3.4T.
Meanwhile, Bittensor — a decentralized AI network running 128 competing subnets across inference, compute, and training — sits at just $3.4B market cap. That's 0.1% of OpenAI + Anthropic combined, or a 1,000x gap vs. $TAO.
The thesis: AI crypto remains massively undervalued relative to centralized AI giants burning billions.
Meanwhile, Bittensor — a decentralized AI network running 128 competing subnets across inference, compute, and training — sits at just $3.4B market cap. That's 0.1% of OpenAI + Anthropic combined, or a 1,000x gap vs. $TAO.
The thesis: AI crypto remains massively undervalued relative to centralized AI giants burning billions.