OpenAI likely delays IPO until 2027
OpenAI is leaning toward postponing its initial public offering until 2027 after executives, including CEO Sam Altman, concluded a $1 trillion valuation is unlikely to hold in current market conditions. The move follows recent volatility around major tech listings, with SpaceX trading below its IPO price cited as a cautionary example that public markets may not support OpenAI’s target this year. That reassessment forces investors and employees to wait longer for liquidity and compels the company to revisit fundraising plans to cover heavy compute and expansion costs before a public offering. The delay also puts earlier private valuations under scrutiny and could change timing and pricing expectations for other AI companies planning IPOs. OpenAI’s next steps are likely to include raising additional private capital or adjusting its listing strategy while watching market signals before committing to a 2027 timetable.
What’s fascinating about this is that OpenAI isn’t listing because it won’t get a trillion-dollar valuation, which means that it’ll be difficult to raise another round close to it, and likely calls into question the $852bn valuation it got earlier in the year. Have fun Sammy! You’ve got this!
Ed Zitron159While SpaceX tumbling a bit likely influenced this a lot it’s probably a combination of that and a certain Smiling Man reporting their stinky numbers www.wheresyoured.at/exclusive-op...
Nancy79832Open AI will end up being sold to another company. It is unviable the way it continues to burn cash. SpaceX might have gotten floated based on Musk’s mars 🐂💩, but people know the AI cos have no moats and aren’t”t likely to generate returns promised
broth b4 hoes2isn't a bunch of cash tied to actually doing an IPO? or was that something else/expired?
The good news is that, by hamstringing OpenAI and Anthropic, he's perhaps paving the way for open weights models to truly take off. Because I promise you Chinese AI companies are not going to comply with this horseshit, and they're not far behind.
A penitent who is loud 11People just don't want to admit that the outcome of a collapse isn't going to be AI Goes Away, it's "the current companies' tools go on the open market or get bought by other companies on the cheap."
Alon (they/them)7I grieve that it's unthinkable for a European company to gobble the talent and surge. The mentality here is that if it's not late-20c heavy industry, it's not worth investing in. The Berlin political sphere treats tech the way the worst San Francisco NIMBYs treat tech.
At some point over the next year or two, anthropic or openai are going to figure out how to get RL working for office tasks as well as it currently does for code, it will proliferate into every office in some form in short order, and compute demand will explode yet further, it seems near inevitable.
Ted Underwood12You are right. And if it's not them, MSFT or GOOG. And people will be like "ohhhh, so that's what 'agentic' means. Hmm, well this is more useful than cheating on my English paper."
Ed5I don't think I'd bet on it being either of them with the way their product ideation works, tbh. But somebody will.
typing loudly ⌨️2that's where your wrong. in order for AI to do my job someone would have to know what my job is other than someone to run to when a system or process does something funny
