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OpenAI IPO will not happen in 2026 amid AI safety fears, Sam Altman says (www.theguardian.com)
submitted 2 months ago by to c/FuckTheUSA@lemmy.ca
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[–] 17 points 2 months ago (3 children)

No the IPO is the goal. They cash out and leave while it's at peak value. They need it to stabilize a bit though to allow that to happen.

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  • [–] 9 points 2 months ago* (2 children)

    That is indeed a common scam, but not in the case of OpenAI. The moment their finances are made public their "peak value" will be too shitty for anybody to cash out on.

    They will also never be able to "stabilise" anything. They owe hundreds of billions, with multiple loans coming due early next year, and they aren't able to pay any of it off. So they are running out of time.

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  • [–] 6 points 2 months ago (1 child)

    The moment their finances are made public their "peak value" will be too shitty for anybody to cash out on.

    There will always be "I'm smarter than everyone else" investors willing to gamble that they'll be able to find a safe seat when the music stops.

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  • [–] 1 point 2 months ago* (last edited 2 months ago)

    I think those types are already in and everyone's else is to broke to pump the insiders out, I think they're pinched, well hopefully they are at least.

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