Investor Jordi Visser stated he will not invest in OpenAI or Anthropic, citing a lack of terminal value beyond a three-year horizon. His comments follow OpenAI's claim that its agents solved a Millennium Prize problem and Anthropic CEO Dario Amodei's subsequent call to pace frontier development, raising questions about whether safety concerns or IPO preparations are driving the narrative. Visser characterized the current AI safety debate as a significant midterm election story, suggesting regulation could serve as a mechanism to box out competition. He also argued that open-source alternatives cannot challenge the OpenAI-Anthropic duopoly and described current compute delays as "actually healthy" for the sector's development.