It is odd that the 3 big players are trying to rush to IPO... probably to dump their shit and cash out before the bag holders have time to sell... I've got a feeling they know it's going to crash soon.

Got to cash out their shares using your pension fund before they go bankrupt.

You forgot about option 3: VC money ran out

It’s a speedrun 🙃

Thing is, they tried to show that public adoption was large enough to warrant a $100B+ value, that basically everyone wanted AI. That was the difference between a $20B valuation and 100+. But several failures have occurred the last few months that hints at the public at large not wanting to adopt their tech in such quantities and the longer they wait the worse a signal it might send for the IPO. Lack of adoption, lack of progress towards AGI, dwindling returns, ballooning costs.

I estimate that the AI bubble will burst pre-IPO or during the IPO, thus not affecting the public at large. There's still a risk that they fudge the IPO numbers hard enough to create FOMO and people wanting to buy but they'd have to go dangerously close to fraud territory to make a good case. Just watch out for the first AI IPOs. There's likely a smaller AI company that'll go first that'll be a canary in the coal mine. If their IPO succeeds the big boys will make an attempt but if it fails they'll likely postpone an IPO indefinitely, making it a long, dragged out market correction, not a quick pop.

they enshittified first before actually putting out a "product", also with so many AI ceos suddenly coming out trying to peddle some form of the "innovation, it got anthropoic nervous. Thiel, Karp, ALTMAN,google, MS,,,etc did it all the same time.

Poor wording. The content of the filing is confidential, not the act of filing.

First an IPO has to get SEC approval. A confidential filing means they send the information to the SEC without it being generally available. The public prospectus follows after approvals are given.

Founders try to cash in. They've raised the cow, now's the time to send it to the butcher for parts

I can. They're propping up the whole stock market at this point. Pretty much the definition of "too big to fail." So when they inevitably fail, Congress is going to give them our tax dollars.

People are delusional in believing this will actually happen and it just makes everyone passive and have inverse effect we want for just and fair society. So maybe stop waiting and start doing.

I think, at this point, it's really just like a dozen people trying to control the world via trading money that is essentially meaningless to them.

You absolutely should do that.

Confidentially. I read confidently at first too.

I guess 'Slavering with greed' has too many letters.

Life is short and hard, like a body-building elf

I assume they are all running for the public exit because they are losing money faster than they can raise it and don't have any reliable business models to which they can transition in the near term. If they can't become profitable, the next best thing is to go public while the hype is hot and to cash out ASAP.

You mean you don't want every AI company to be driven by shareholder interests?