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.
🤷♂️ none of it matters. Doesn’t matter if they lost money, or if LLMs aren’t as good as they say. They’ll get the money either way. We’ll all lose out in the end. It feels like the whole world has gone mad. I know people say that every day and have done for as long as there’s been a world with people on it, and I know it’s a cliché to say this bit too, but…
This whole AI thing has been so disheartening. So many people give absolutely no shits about what’s true and what’s authentic. It’s fucking miserable. So many people are anti-human and don’t care.
Made-up money from the made-up market flowng in made-up ways that resulted in lower paying jobs for us.
Wasn’t this fun? /s