Steve Eisman says cheap Chinese AI models spell a price war for OpenAI and Anthropic just as both prepare to go public. Polymarket puts Anthropic's IPO odds near 69%.

A million AI words costs $50 from Anthropic and 87 cents from DeepSeek. US firms are mixing in Chinese models, and the labs' IPO valuations are exposed.

Steve Eisman, the Big Short investor, expresses doubts about AI's trillion-dollar spending spree and sells a key tech stock. Here's what it means