Big Tech's Anthropic and OpenAI stakes are distorting the corporate earnings picture
AI disclosure
Summary
If you were to strip out Big Tech's investment gains from private AI companies, the earnings story is a lot less bullish.
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It's not that frontier models are dead; it's that open-source models are surging in interest from corporate America and startups -- because people don't want to give their intelligence to private companies.
— @jason (@Jason) August 3, 2026
We will see Fontier models surge in revenue, sure... but Open Source… https://t.co/5pKAx6yfLy