On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.
I mean, I’m just cynically looking at the situation.
there is obviously no there there and things like AI slop feeds are there to try and create one. Transformers didn’t lead to the “next level” of intelligence machines. al, and, it should be of note, that transformers weren’t expected to until someone trained an unreasonably large one.
I’m just putting it out there because based on how things have evolved in ML, we shouldn’t assume the next big step of progress will come from somewhere immediately obvious.
The problem with being publicly traded is now the “value” (as if that term has any legacy meaning whatsoever) is subject to the whims of the news cycle.
and it’s kind of like Tesla being as ridiculously overvalued as it is. If it had been Tesla that pushed the first viable llm, maybe their valuation made some sense. if they had the first real viable autotaxies (they don’t and are being sued for not achieving fsd). If they had eclipsed all other auto manufacturers and if if if if if…
they didn’t. Nothing about their share value makes sense and it makes less sense than ever before.
and the same will be the case with OpenAI. the case makes no sense other than the gravitational effect of “smart” (read:dumb) money. It’s only real shot is if people pile in.