The tldr here is pretty simple - it’s time to force big AI firms to open their finances to the public. Zitron is probably the most prominent skeptic of the claims of AI firms and of their financing, and he gets a lot of criticism from the industry. And so I started thinking about how we really don’t know much about the financial inner workings of the big AI companies. In 1933, Congress passed the Securities Act, which forced public companies to disclose material financial information publicly. Fundamentally, there’s something powerful about saying “AI firms need to open their financials to the public.”