I thought I was supposed to believe that OpenAI & Anthropic's methods are so much more advanced than any potential capabilities of Chinese competitors that OpenAI & Anthropic must each be trillion dollar companies.

If I ignore the words, and instead observe behaviour, all of the actions I observe indicate the opposite;potential competitors are treated as very credible threats, even existential ones; and actions indicate that 'maintaining special access to hardware' and 'vying for regulatory capture to shut out competition' are major strategic goals.