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OpenAI Is Preparing to File for an IPO Soon
https://archive.md/0Ez3C https://archive.md/0Ez3C
- Shailendra_S 5mo agogood to know.. this is a news for me..
- deleted 5mo ago[deleted]
- dbbk 5mo ago[flagged]
- rvz 5mo agoThe "I" in "AGI" stands for IPO. So as we can clearly observe: "AGI" which at this point is (A Giant IPO) is almost here. Now all of humanity will benefit from this being e̶x̶i̶t̶ ̶l̶i̶q̶u̶i̶d̶i̶t̶y̶ shared by everyone for everyone. Right?
- glitchc 5mo agoYup, Sam can claim that AGI is owned by everyone (he really means their pension funds though), while he makes a hasty exit to his private island retreat which we all have paid for.
- IncreasePosts 5mo agoSam is a power monster. He'd probably commit suicide before intentionally retiring and stepping away from influencing affairs.
- aurareturn 5mo agoThroughout the “AI bubble” talk in 2024 and 2025, I consistently argued that we were nowhere near the peak of the AI bubble. So far, that view has held up, as valuations are significantly higher today than they were in 2024 and 2025. If you look at the way the dotcom bubble unfolded, dotcom didn't take off until after Netscape IPOed in 1995. The market had 5 more years of growth until the collapse. And even after collapse, the Nasdaq was 2x higher post pop than in 1995. If history repeats itself, the stock market will take off after OpenAI and/or Anthropic IPOs. Be scared when random AI companies IPO with bad ideas and no revenue. My posts on AI bubble over the years: * https://news.ycombinator.com/item?id=40739829 https://news.ycombinator.com/item?id=40739829 * https://news.ycombinator.com/item?id=43385830 https://news.ycombinator.com/item?id=43385830 * https://news.ycombinator.com/item?id=47035647 https://news.ycombinator.com/item?id=47035647 * https://news.ycombinator.com/item?id=46241944 https://news.ycombinator.com/item?id=46241944
- wcvwc 5mo ago[flagged]
- protimewaster 5mo agoIf someone comes in and points out a bunch of valid similarities, are you going to start being nice, or are you just going to call that person's ideas stupid too?
- nostrademons 5mo agoCompanies IPO'd at an earlier stage of development in the days before Sarbanes-Oxley. Netscape was a 16-month-old startup when it IPO'd. It had about 250 employees. It had raised a total $27M in venture capital then, and then raised a few hundred million in the IPO itself, which gave it a total valuation of $2.9B. It had $16M in revenue and no earnings. OpenAI is 10 years old. It has about 4500 employees. It's raised about $180B in capital, and has a valuation of roughly $900B on about $25B in revenue. Anthropic is 5 years old. It also has around 3000-5000 employees. It will have raised about $120-140B in capital, at a $900B valuation, on about $30-45B in revenue. In the 80s and 90s companies IPO'd to actually raise growth capital - the public markets provided the money they needed to invest and expand, and then public investors reaped the benefits of their success, or paid the price of their failure. In the 2010s and 2020s companies grow with private capital, which has fewer strings attached, and then they unload the shares on the public market when they reach the top of their growth curve, leaving the public holding the bag.
- ac29 5mo ago> they unload the shares on the public market when they reach the top of their growth curve, leaving the public holding the bag There are definitely some dogs that IPOd and went straight down, but investing in the broad stock market has absolutely not been a bag holding experience in the past decade+
- nostrademons 5mo ago
- cdrnsf 5mo agoCan't wait to see those revenue numbers.
- 4lx87 5mo agoOpenAI reported ~$20 billion annualized revenue for 2025, up from $6 billion the year before.
- cdrnsf 5mo agoAnd that covers their model training and infrastructure costs?
- spongebobstoes 5mo agoeach new model brings in revenue that is multiple times the cost to create said model
- cdrnsf 5mo agoSo their CFO's publicly voiced concerns are unwarranted?
- rchaud 5mo agoThe efficient market hypothesis has taken a real beating in the age of tech industry anti-gravity valuations.
- jddj 5mo agoIs that the case? What about gpt 4.5? o1-pro?
- spongebobstoes 5mo agowith revenue >2x cost, they can afford to have a miss now and then
- aurareturn 5mo agoAny early guesses on end of first day market cap? I'm going to guess $2.5 trillion which is about 2.5x their current valuation. I think the hype is going to be immense.
- derwiki 5mo agoI’d take the Kalshi bet for far less than 2.5tn
- aurareturn 5mo agoWhat do you think it will end up as?
- Danox 5mo ago500 billion..
- nodesocket 5mo agoSmart move IPO'ing ahead of Anthropic. Can take a lot of AI capital being first mover... That is, until Anthropic IPO's which I expect shortly.
- aurareturn 5mo agoAgreed. They should IPO first if they think Anthropic’s IPO will be bigger. Get as much capital as you can first, then use it to buy more compute and defensively. The hype will be a lot less if Anthropic IPOs first and beats OpenAI’s numbers.
- cess11 5mo agoWell, I guess that's an effective way to deflect responsibility for the harms they cause from the people actually in control of their software and databases, onto 'shareholders'.
- throw03172019 5mo agoAre they trying to beat SpaceX as well?
- skiing_crawling 5mo agoAt this point IPOs are mainly for unloading bags onto retail. Every institution who wanted a piece of these labs got in years ago and captured all the value.
- cryo32 5mo agoWise comment. 25 years working in PE showed me that retail investors are how you pay off losses.
- ericmay 5mo agoWell, sad to say this is simply untrue for a few reasons. 1. "Retail" does not have enough purchasing power to have all of these "bags" unloaded on to. 2. Institutions buy shares in public firms post-IPO all the time even when they're "unloading bags onto retail". Take Uber (random example) ~83% is owned by institutions. 3. General factual history of the stock market shows that you are incorrect. Successful companies that IPO and continue to do business still have quite a lot of room left to grow. What was Google's market capitalization at IPO? What is it now? Is it possible some early investors made higher multiples than the IPO -> May 20th valuation? Yea for sure. That doesn't mean that all the value was captured. It also doesn't take into account the early stage risk for investing. Is Google an "at this point IPO"? No, but the principle is the same. It's also worth mentioning however that the number of IPOs is going down over time. You could maybe argue that the only ones that actually IPO are all the bags, but that seems like a stretch. These cynical comments "IPOs are mainly for unloading bags on to retail" lack explanatory power and data.
- hypeatei 5mo agoSo I take it you're going to buy shares of OpenAI on opening day then? ;) Institutions merely owning a newly-IPO'd stock means nothing. They get access to shares at a reasonable price before opening while retail is buying at insane prices after open. See Figma as an example where institutional investors got it at $33/share and it ended the IPO day at $115/share with retail buying all the way up (including pops above that at like $127) I thought it was common knowledge that IPOs are a way for insiders and early investors (not IPO flippers) to get a nice exit during the frenzy.
- brcmthrowaway 5mo agoCongrats to OpenAI and RIP to the SF housing market
- astkl 5mo agoIt will probably be a failure, that is why they are rushing it to prevent a greater failure. Microslop and Oracle are already way down from their highs. Only Nvidia as the shovel seller still performs well. People generally hate AI. The IPO price will be inflated and the stock will drop 10% on the first day, like many late stage IPOs in the 2000 bubble. Friends and family like the Kushners will cash out. Trump might even suspend wars around the IPO date.
- amanaplanacanal 5mo agoWhat war? We've been assured the war is over, and we already won! Multiple times...
- bensyverson 5mo agoLet's hope—and I say this with zero sarcasm—that their relationship to Wall Street is cruel indifference.
- Aboutplants 5mo agoThe summer of Trillion dollar IPO’s is upon us. OpenAI, Anthropic, SpaceX Will they eat each others potential capital appetite? Or is there just that much laying around for them all to gobble up the bag?
- davey48016 5mo agoIt depends at least partially on how much they're going to float. I think SpaceX is only planning about a 4% float, so even at $1.5T they only need around $60B. Which is a drop in the bucket. EDIT - but that's just the IPO, I wasn't even thinking about how much insiders will want to sell after the lockup ends...
- ecommerceguy 5mo agoIs 100+ FPE the new normal?
- einrealist 5mo agoMust be retail investors believing: big number == good.
- phkahler 5mo agoThe valuation just needs to be high enough to get into an index, then the 401K plans start buying the shares automatically.
- deleted 5mo ago[deleted]
- aurareturn 5mo agoI think one of them is not like the other. I would invest in OpenAI or Anthropic or both but I doubt I'd invest in SpaceX.
- RandallBrown 5mo agoIsn't SpaceX the only one of those that actually makes money?
- Kye 5mo agoSay OpenAI IPO 5 times fast
- iLoveOncall 5mo agoI'll believe it when I see it. Anthropic or OpenAI IPOing is literally signing their own death certificate. The valuation will go to zero as soon as they have to submit actual numbers instead of the salad of bullshit they usually serve investors.
- derwiki 5mo agoMarket can stay irrational longer than..
- Danox 5mo agoBoth will probably drop like a rock after IPO and hang there for a year or two at the bottom similar to Figma if you are retail, there really is any point buying on IPO day just wait and buy all the shares you want at low price a year from now.
- cute_boi 5mo ago[flagged]
- iLoveOncall 5mo agoThem filing will burst the bubble.
- prh8 5mo agoOpportunity for all the big money to get something back out while they can, which collapses the whole thing
- paol_taja 5mo agoThe funniest possible outcome is OpenAI going public and then having to explain to shareholders that the path to AGI requires losing more money than previously expected, but with greater confidence.
- amusingimpala75 5mo agoAre we not going to talk about the literal CFO saying their books aren’t up to rigorous reporting standards and need to wait until 2027?
- tedd4u 5mo agoCurrent investors know the hype is sufficient to not worry about all those niggling financial details and want liquidity now -- retail will buy them out.
- myvoiceismypass 5mo agoYou can get exposure to OpenAI now via the Robinhood Venture Fund I (RVI) if you so chose (that fund is up 170% since its inception earlier this year.)
- avaer 5mo agoA race to lock in the money next to SpaceX (which just filed an S-1)? This can't go well.
- chinathrow 5mo agoMaybe Sams reaction to Elons ego?
- cm2187 5mo agoI am starting to speculate that was the purpose of the openai lawsuit. Delay IPO.
- throwawaygmbno 5mo agoWhat is the advice from the internet? Did you invest in Tesla and now invest in Open AI because who cares about ethics if you can make money? Anthropic has the obviously the better product and were seemingly ethically better until they burnt their developer goodwill and started accepting Musk infrastructure. But does having a better product actually translate to making more money? Should I just lay down and die because there's no good choice when it comes to investing in this product they market as killing off people's livelihoods?
- tehlike 5mo agoYou can sit this one out. There are many other opportunities to make money in the market. Ai build out is currently in play, and many names are rising accordinglym
- nradov 5mo agoIf you're invested in any index funds or most mutual funds (including through your retirement account) then you can't really sit this one out. We're all going along for the ride, hold on tight.
- shaewest 5mo agoYou're invested as much as you are in tesla already, palantir or any other unsavoury S&P500 company, you can't really pick political sides in a "all the top companies"
- DeathArrow 5mo ago>Anthropic has the obviously the better product According to what metrics does Anthropic have the better product?
- SpicyLemonZest 5mo agoReported number of business users, although as with all these metrics I feel obligated to emphasize the caveat that most analysis of the AI labs' finances is speculative. OpenAI remains dominant in the consumer chatbot space, but that's so obviously going to be commoditized that I don't think it matters.
- sandeepkd 5mo agoLooks like there is only limited money in the market and there is a race to get it first. Wonder if the free market concept should move the prices down in such a scenario?
- nradov 5mo agoDon't worry, the Fed can create infinite money!
- miohtama 5mo agoIt's good that there is now a new head of Fed for this.
- aurareturn 5mo agoI think it's because the private market can't possibly go any higher. OpenAI is already valued at around $1 trillion and just raised $122b. The only next step is the public market.
- epolanski 5mo agoMeanwhile Chinese AI companies outputting open weight models nearly as good are valued in the low single digit billions. Go figure.
- subarctic 5mo agoWasn't there a Chinese ai startup that got bought recently but the government wouldn't let the founders leave china? I think stuff like that would have an effect on valuation
- disgruntledphd2 5mo agoYeah, Manus were supposed to be acquired by FB, but the Chinese government nixed it.
- amusingimpala75 5mo agoHow does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny? Edit: Or has so much somehow changed in two weeks that it’s no longer necessary to wait until next year?
- bayarearefugee 5mo ago> How does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny? Perhaps they will just tell a lot of lies. In the past people would generally avoid this when it came to stock market filings for fear of legal consequences, but the OpenAI C-Suite is already at least +$26 million to Trump and has plenty more to send his way if that doesn't cover it. Crime is legal in 2026 (if you can afford the kickback fees).
- throwaway-away 5mo agoCrime is legal, but investors can and will dissect your 10-Q/10-K statements. Anyway, I think that the Administration covering their asses in the face of doubtful numbers will shake investor confidence in the tech field. In fact, most investors will think one of these two things: 1. "Look, even OpenAI, which is the face of the LLM tech with ChatGPT, needs assistance from POTUS to stay afloat, the tech is not profitable" 2. "Crap, all this circular economy going on with Nvidia/OpenAI/... is bogus after all if even OpenAI needs the White house support to survive. There is not enough demand". Regardless of the specifics, if this sentiment spread enough (and it doesn't have to be the majority of investors) everyone, regardless of their beliefs, will start selling to avoid being the last one standing when the music stops.
- utopiah 5mo agoRight, that's why TSLA is worth what... pennies? /s
- lumost 5mo agoThese companies are burning enough cash that they will need to be public. We’re about to have 3 of the worlds’s largest corporations be massively in the red.
- henry2023 5mo agoSoon to be part of your portfolio if you hold Nasdaq 100 or S&P 500 trackers line QQQ or SPY.
- seydor 5mo agoWhat will managed funds do? Are we now suggesting people get out of index funds? Worse, will this and spacex ipo destroy the index funds?
- karmakurtisaani 5mo agoDestroy is a strong word. Rather, it will make the pension funds and passive investors the bag holders for the oligarchs.
- andsoitis 5mo ago> Rather, it will make the pension funds and passive investors the bag holders for the oligarchs. Care to explain the mechanics? I’m an investor (both in passive and more active vehicles) and don’t understand what you mean.
- jddj 5mo agoIndex funds buy companies, for the most part, according to their market capitalisation. They own more of bigger companies than small. There's the option of "equal weight" or other strategies but the overwhelming majority is market cap weighted. Index funds are also really, really big now and contain a lot of money earmarked for retirement/pensions. In theory if you had a temporarily very frothy market into which you could sell a part of your unprofitable company to some people at a very high valuation, index funds would then mechanically move in and need to purchase and add significant support for insiders to sell into.
- karmakurtisaani 5mo agoIn this case, Elon has moved the wildly unprofitable XAI into SpaceX. SpaceX will IPO with a trillion dollar valuation, while only releasing a small number of shares for public trading. Due to the high valuation, index funds are required to buy SpaceX stock, which Elon will presumably slowly sell them in order not to crash the stock. The funds will be left holding the stock, while eventually the price will crash, because the company will simply not make enough money to justify the valuation.
- bandrami 5mo agoCool does this mean they'll disclose their revenues and expenses in line with GAAP?
- jcfrei 5mo agoyes, they will.
- bandrami 5mo agoThat will be interesting, to say the least
- automatic6131 5mo agoWill it be a WeWork moment? I hope so, I want some comedy gold (I cannot afford the mineral kind).
- HDBaseT 5mo agoI can't wait to invest an OpenAI and lose all my retirement fund.
- wg0 5mo agoAnthropic is also a suitable choice.
- amanaplanacanal 5mo agoAnd SpaceX, of course.
- vdfs 5mo agoAllbirds, most potential
- bandrami 5mo agoCool so will they release revenue and expense numbers in line with GAAP?
- noobermin 5mo agoTrying to get your money out while there's still time! Quickly now!
- techtuate 5mo agoI was wrong - not investing in FB and Amazon many years ago - thought those businesses will shrivel and die. I believe OpenAI is a bit of a coin flip as the AI space evolves. In fact I feel all AI will be marginal return generators at best. There are a lot of incumbents and a lot more coming as barriers to entry get increasingly lower. Unless a company can build a near monopoly it'll be hard to justify a 100X revenue valuation despite heavy losses. I feel it's safer to take a punt on alternate compute companies (Musk leads but others exist) than take a bet on one of many AI companies to build a monopoly.
- Cyclone_ 5mo agoAnthropic actually turned an operating profit recently due to huge revenue growth.
- hauntingseaweed 5mo agoDo you have a source for that claim?
- dminik 5mo agoHmm, it looks like if their revenue doubles to ~$10B and their expenses don't, they stand to gain a very sweet ~$500M. https://www.reuters.com/business/anthropic-nears-first-quarterly-profit-agrees-pay-spacex-125-billion-monthly-2026-05-21/ https://www.reuters.com/business/anthropic-nears-first-quart... That being said, it does look like it's being partially subsidized by Elon burning lots of money. We'll see if he can keep it up or if it will be left behind as hardware evolves.
- 48terry 5mo ago> its June quarter sales could reach at least $10.9 billion It COULD reach $10.9 billion. It COULD also completely shit itself and go bust. We'll just all have a fun time finding out together, won't we, investors?
- wg0 5mo agoIf you're an investor you should try Deepseekv4 before you put your hard earned money in this gambling spree. Context - Deepseekv4 is freely available to download you can host your own and sell it keeping the proceeds and it rivals Claude Opus 4.7. "Thank you for your attention to this matter"
- nujabe 5mo agoIsn’t knowing how to scale and optimize llm traffic the main barrier ?
- wg0 5mo agoThat's just a "more hardware" problem.
- ramon156 5mo agoRight, and who has more hardware?
- amanaplanacanal 5mo agoHappily, they are building and selling more hardware all the time!
- amelius 5mo agoYes, OpenAI bought all the DRAM.
- wg0 5mo agoChina. They make them there. Huawei is catching up too.
- 0xDEAFBEAD 5mo agoI'll bet Deepseekv4 could answer any questions you had related to that. How much of a moat will it prove to be in the long run? "Scale and optimize" sounds like a commodity business.
- SilverElfin 5mo ago[dead]
- sharts 5mo agoNow everyone is on the hook for this overpriced unprofitable monstrosity vis a vis pension and index funds. How much longer for the coming economic collapse…
- karmakurtisaani 5mo agoIt should still take a year until it's added to the indices, no? At least that's how I understood the SpaceX case: Elon wanted to rush it and get it done in 6 months. So there's still hope that the bubble pops before the funds are poisoned.
- grey-area 5mo agoIndexes forcing investing will prop the bubble up. It will burst when nobody expects it after a massive IPO pop which makes believers even of the skeptical.
- chillfox 5mo agolol, they reduced the wait time drastically last year I think it's a few weeks now.
- karmakurtisaani 5mo agoI wonder if this means solid 10% yearly returns from SP500 is finally over..
- maplethorpe 5mo agoIf they list on the Nasdaq, recent changes mean they can now be added after 15 days, instead of 12 months. https://www.etfstream.com/articles/spacex-to-ipo-on-nasdaq-after-index-rules-adjusted-reports https://www.etfstream.com/articles/spacex-to-ipo-on-nasdaq-a...
- karmakurtisaani 5mo agoOuch, I wasn't aware it got shortened so much! Yep, this is truly terrible.
- vasco 5mo agoI'd be willing to make this a ban-bet, but my prediction is that either OpenAI or SpaceX's IPO will flop and that will be the signal that will start the new stock market crash. When it happens people will point at how obvious it was with the war and the bubble going for a while. But these 2 mega IPOs back to back will be interesting to follow.
- irkeek 5mo agoHas there been any good recent ipo’s? They’re all down significantly from the date of going public. I don’t really see how the price of OAI et al can go up - it’s already richly priced! The only way is down imo. But how much? Considering how much they were priced a year ago even dropping 20% wouldn’t be bad… it’d be bad for insiders if the drop prolongs prior to the lock up period which is long enough to cause an even steeper drop. Also depending on the float - any non public trading shares face an illiquidity discount.
- trilogic 5mo ago>Anthropic is currently in talks with investors to raise money at a $900 billion valuation, which would push it ahead of OpenAI. How you go from 380 to 900 billions in a month, I am very curious? So now Anthropic is evaluated 900 billions! Journalism this days is worse than my kids social media channel. Totally, I believe you, go for it, is just one more zero bro. Everyone Brace for Impact. Let´s do it also, Breaking News: HUGSTON in talks with investors now Evaluated at 1 Billion Euro.
- cft 5mo agoExpect ⅕ codex quotas after
- avazhi 5mo ago[flagged]
- lelanthran 5mo ago> I have no personal skin in the game, but OpenAI seems like the weakest player. Claude and Gemini are both blatantly better. The market doesn't necessarily reward better products or (in this case) more intelligence. If it did, I'd be a lot richer than many of the mainstream startups.
- avazhi 5mo ago> The market doesn't necessarily reward better products or (in this case) more intelligence. It does when the product being sold is sold based on how intelligent (and thus how capable) it is. Unfortunately with people intelligence is merely an imprecise proxy of capability or organisational productivity.
- NitiX 4mo ago[flagged]
- orwin 5mo agoHonestly, even if anthropic models are better than OpenAIs, I don't understand how they want to make money. In October last year, the frontier models from US companies were so much better than the cheapest models, I thought it was over, but nowadays, even smaller models perform adequately enough. I now use free models (or rather, very cheap ones) in all of my personal projects, and even though anthropic's harness is hard to replace on complex cases (it helps understand where the LLM failed better, which allows to correct the mistakes more easily), I'm pretty sure pure LLM gains are less and less with each new models.
- greatgib 5mo agoAnthropic models are well used for coding and similar tasks, and mostly through their own tooling as they are pretty aggressive limiting other usage. But I don't see their models being used that much through api for all the applications that are using api nowadays. Openai is the one with the easiest api to use and the more lax about it.
- KellyCriterion 5mo agoOpenAI will let down trousers first, Anthropic will be wise to not IPO this year: SpaceX will collect a lot of money, i guess; then OAI afterwards.
- zurfer 5mo agoAnthropic will probably IPO as well
- KellyCriterion 5mo agoI suspect they might delay if the numbers of OAI are public; and two big IPO before yours (and one of a competitor) is a tricky situation. I would postpone on the very last minute, depending on what my competitors numbers say :-D
- lpcvoid 5mo ago[dead]
- cdnsteve 5mo agoNon profit files for IPO should be the headline.
- dude250711 5mo agoAn unprofitable non-profit.
- tjstarak 5mo agoUn-profit for short.
- DarkNova6 5mo ago“For-Profit ClosedAI” would work too
- pkos98 5mo agoFor-Profit Non-Profitable Closed-AI company called OpenAI
- vdfs 5mo agoTechnically they are not profitable
- 5mo ago
- m00dy 5mo agowe are approaching end of the party.
- AFF87 5mo agoReporting is going to be interesting. I wonder how their filings will look like and what will appear there
- Oxlamarr 5mo ago[flagged]
- 535188B17C93743 5mo agoSpaceX and OpenAI? Market's gettin' frothy. Oh, this bubble is about to pop.
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- wbsun 5mo ago5 trillion IPO of three companies this year! They still need real money to buy the offered stocks, I am wondering which markets will be sold in order for investors to get the cash.
- chrisss395 5mo agoHow many retail investors plan to buy? The folks I hear most excited about this have equity from the startup/PE companies they were involved in and are treating it like a big future payday. Apparently there is a big Whatsapp chat for them to discuss it all. My recollection is that retail investors end up losing in these situations. I'm personally staying away...feels too much like a grift, but I won't pretend I have some magical analysis to prove it.
- HeartStrings 5mo agoTime to dump on the npcs
- swiftcoder 5mo agoHypothetically, isn't the whole upside here already priced into NVidia?
- ololobus 5mo agoJust speculating and thinking out loud. I think this might be a good news for AI-skeptics. Going with IPO means that investors finally want to get some cash that they cannot get by any other means. There are good examples of private market companies staying like that for many years because they are profitable, they have plenty of cash, and they have a queue of investors eager to put more cash So what does it mean in this particular case? The board and investors probably don’t see it being realistic to become profitable soon, and maybe even worry about AI ceiling, so they want to profit now
- darkwizard42 5mo agoI'm not sure how you drew the conclusion they don't think it will be profitable soon or an AI ceiling. The only thing we can realistically glean from IPO is the need for more funds which are not able to be provided by private markets on the terms a private lender/investor may want. Insiders will profit from this liquidity event, but I suspect the earliest investors will stay put only liquidating enough to make their funds look great while still keeping an eye on the future growth.
- peterspath 5mo agoProbably a good stock to short on!
- toyetic 5mo agoInteresting that they're doing it now I wonder why, it wasn't to long ago the CFO was reported as being strongly against it [1] Personally I hope they do, everyone knows OpenAI is absolutely hemorrhaging money they don't have. In a perfect world an IPO becomes the rip the bandaid off moment for the AI bubble and we can start adjusting the industry as a whole towards a more reasonable world where AI tooling in the market is valued by actual utility and sustainable revenue rather than hype-driven speculation. [1] https://www.wheresyoured.at/openai-cfo-news/ https://www.wheresyoured.at/openai-cfo-news/
- pacman1337 5mo agoA lot of people don't understand that creating a startup is not about having the best product in the market. It is about convincing people to part with their money and give it to them to control and gain power with, through having people work on what you want them to work on. Only requirement is you create a story of why they should give you money. Even if it is the dumbest idea and you will be lose all it in 3 years. If you can tell a convincing story you will still make yourself and your friends super rich.
- siren2026 5mo agoPraying for this to flail hard on day one.
- soundworlds 5mo agoI am praying for valuation to reflect real value. But the US stock market of the last 4 years has shown it is grounded in hype far more than real value..
- futuredevtech 5mo agoIf this goes through, it’ll be interesting to see how they reconcile “mission-driven AGI lab” with public market pressure. Those incentives tend to collide quickly.
- ulfw 5mo agoBubble about to burst. Everyone getting ready to get their IPOs out before it's too late. 2000 was exactly like this
- whateveracct 5mo agoand it'll be in your 401k within 3 trading weeks due to recent nasdaq rule changes. SpaceX is already on its way. we're all gonna hold the AI bag.
- tana_shahh 4mo agoWe got a non-profit filing for IPO before GTA-6!