OpenAI leans toward waiting until next year for IPO

... you think this is vindicating Ed Zitron? The dude is on a spree claiming the bubble will burst any time soon [1]. In fact Ed Zitron predicted that OpenAI will IPO sooner and not later [2]! This whole post is yet again another thing that he got wrong.

[1] https://www.youtube.com/results?search_query=ed+zitron+bubbl...

[2] https://www.wheresyoured.at/openai-cfo-news

> It's clear that both OpenAI and Anthropic are rushing toward a public offering so that their CEOs can cash out, and that their underlying economics are equal parts problematic and worrying.

Re: OpenAI leans toward waiting until next year for IPO

#5

Post by therobots927 » Thu, Jun 25, 2026, 9:28 PM UTC

simianwords wrote: post #4

therobots927 wrote: post #3

[flagged]

... you think this is vindicating Ed Zitron? The dude is on a spree claiming the bubble will burst any time soon [1]. In fact Ed Zitron predicted that OpenAI will IPO sooner and not later [2]! This whole post is yet again another thing that he got wrong. [1] https://www.youtube.com/results?search_query=ed+zitron+bubbl... [2] https://www.wheresyoured.at/openai-cfo-news > It's clear that both OpenAI and Anthropic are r…

OAI canceling an IPO this year a week after he released their dogshit financials is not a coincidence and yes it does vindicate him.

He’s not shorting the market or calling a top. He’s saying that the bubble will pop because the underlying business model is and always will have a NEGATIVE ROI. Unless you’re speculating on semiconductor stocks the difference is irrelevant.

Do me a favor and tell me how much of the 1,000,000,000,000 spent / committed to a datacenter buildout has been returned to shareholders / creditors?

Re: OpenAI leans toward waiting until next year for IPO

#6

Post by cdrnsf » Thu, Jun 25, 2026, 9:36 PM UTC

> The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges.

SpaceX's stock volatile? It's a shame nobody saw that coming.

Re: OpenAI leans toward waiting until next year for IPO

#7

Post by simianwords » Thu, Jun 25, 2026, 9:36 PM UTC

therobots927 wrote: post #5

simianwords wrote: post #4

Earlier quoted context omitted.

... you think this is vindicating Ed Zitron? The dude is on a spree claiming the bubble will burst any time soon [1]. In fact Ed Zitron predicted that OpenAI will IPO sooner and not later [2]! This whole post is yet again another thing that he got wrong. [1] https://www.youtube.com/results?search_query=ed+zitron+bubbl... [2] https://www.wheresyoured.at/openai-cfo-news > It's clear that both OpenAI and Anthropic are r…

OAI canceling an IPO this year a week after he released their dogshit financials is not a coincidence and yes it does vindicate him. He’s not shorting the market or calling a top. He’s saying that the bubble will pop because the underlying business model is and always will have a NEGATIVE ROI. Unless you’re speculating on semiconductor stocks the difference is irrelevant. Do me a favor and tell me how much of the 1,0…

1. they didn't cancel their IPO and they were deliberate about having the option to time their IPO

2. he has tried over and over again to predict the bubble and peak [1] [2] [3]

3. that OpenAI is filing for an IPO next year is no vindication of Ed's claim when he specifically predicted the opposite (as I showed in the above comment)

4. OpenAI filing for an IPO next year has no bearing on its fundamentals

5. on Datacenters: Anthropic had to lease it from Elon's datacenter because they were too short on capacity and every one was complaining that their limits were too low

[1] Ed on 2024, "threaten to begin a collapse that I’ve been predicting since March" https://www.wheresyoured.at/burst-damage/

[2] Ed on 2024, "three quarters to prove itself before the apocalypse comes" https://www.wheresyoured.at/peakai/

[3] Ed on 2024, "things are beginning to collapse" https://www.wheresyoured.at/subprimeai/

Edit: the quality of discussion in this website is annoying sometimes.get downvoted for good faith discussion

Re: OpenAI leans toward waiting until next year for IPO

#8

Post by [deleted] » Thu, Jun 25, 2026, 9:39 PM UTC

simianwords wrote: post #7

therobots927 wrote: post #5

Earlier quoted context omitted.

OAI canceling an IPO this year a week after he released their dogshit financials is not a coincidence and yes it does vindicate him. He’s not shorting the market or calling a top. He’s saying that the bubble will pop because the underlying business model is and always will have a NEGATIVE ROI. Unless you’re speculating on semiconductor stocks the difference is irrelevant. Do me a favor and tell me how much of the 1,0…

1. they didn't cancel their IPO and they were deliberate about having the option to time their IPO 2. he has tried over and over again to predict the bubble and peak [1] [2] [3] 3. that OpenAI is filing for an IPO next year is no vindication of Ed's claim when he specifically predicted the opposite (as I showed in the above comment) 4. OpenAI filing for an IPO next year has no bearing on its fundamentals 5. on Datace…

[deleted]

Re: OpenAI leans toward waiting until next year for IPO

#9

Post by jrflowers » Thu, Jun 25, 2026, 9:43 PM UTC

simianwords wrote: post #4

therobots927 wrote: post #3

[flagged]

... you think this is vindicating Ed Zitron? The dude is on a spree claiming the bubble will burst any time soon [1]. In fact Ed Zitron predicted that OpenAI will IPO sooner and not later [2]! This whole post is yet again another thing that he got wrong. [1] https://www.youtube.com/results?search_query=ed+zitron+bubbl... [2] https://www.wheresyoured.at/openai-cfo-news > It's clear that both OpenAI and Anthropic are r…

I like that people will post stuff like “Ed Zitron is always wrong! Look at this wrong claim he made!” and then link to him not making that claim at all.

“Rushing toward a public offering so that their CEOs can cash out” is not a prediction of a specific time to IPO, and is supported by OpenAI’s own public statement two months after that was published

https://openai.com/index/openai-submits-confidential-s-1/

Re: OpenAI leans toward waiting until next year for IPO

#10

Post by simianwords » Thu, Jun 25, 2026, 9:48 PM UTC

jrflowers wrote: post #9

simianwords wrote: post #4

Earlier quoted context omitted.

... you think this is vindicating Ed Zitron? The dude is on a spree claiming the bubble will burst any time soon [1]. In fact Ed Zitron predicted that OpenAI will IPO sooner and not later [2]! This whole post is yet again another thing that he got wrong. [1] https://www.youtube.com/results?search_query=ed+zitron+bubbl... [2] https://www.wheresyoured.at/openai-cfo-news > It's clear that both OpenAI and Anthropic are r…

I like that people will post stuff like “Ed Zitron is always wrong! Look at this wrong claim he made!” and then link to him not making that claim at all. “Rushing toward a public offering so that their CEOs can cash out” is not a prediction of a specific time to IPO, and is supported by OpenAI’s own public statement two months after that was published https://openai.com/index/openai-submits-confidential-s-1/

I don't even know what you are trying to say, I opened your link

> We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.

So... OpenAI has specifically said that they have not decided on the timing and it may be a while. And now we have news that they are waiting till next year.

What do you think is supported by whom? Being more clear and concrete helps the discussion.