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OpenAI (which is not a publicly traded company) will cause a market crash if they do not IPO or have lackluster IPO?
by bdangubic 8mo ago
OpenAI (which is not a publicly traded company) will cause a market crash if they do not IPO or have lackluster IPO?
- SpicyLemonZest 8mo agoOnly in the same sense that Lehman collapsing caused the 2008 crash. Nothing is monocausal, and crashes rarely happen all at once, but I expect it to be a big “uh oh” moment for investors.
- bdangubic 8mo agoLehman was a huge part of US economy at the time it collapsed, OpenAI is a private company...
- SpicyLemonZest 8mo agoLehman’s market cap was an order of magnitude smaller than the current OpenAI valuation, I think even in inflation-adjusted terms. The intuition that a private company is small and can’t pose systemic risks just isn’t true anymore.