Earlier quoted context omitted.
How do you grow your business when your flagship product is illegal?
easy - lobbying
Hasn’t worked for them so far
OpenAI leans toward waiting until next year for IPO
101–110 of 159 posts
Re: OpenAI leans toward waiting until next year for IPO
#102I was really hoping that they Ipoed this year, so we can see their stock shoot up and down in flames, and we're really done with them and Sam Altman, once and for all.
After the IPO Altman will be even more insanely rich, and that time in a more liquid manner. I don’t think he will go away
Re: OpenAI leans toward waiting until next year for IPO
#103> 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.
It's actually remained about 14% or more above the IPO price which is roughly what you'd want but gone up and down a bit. It's funny with stock prices - they all go up and down a bit in kind of random ways but people project all sorts of stories onto them that often don't relate much to reality.
Just googling the ticker shows it at 149, which is below its opening.
Re: OpenAI leans toward waiting until next year for IPO
#104Earlier quoted context omitted.
The investment bankers were in there manipulating, but that's over, and gravity is here.
It is funny to mention “gravity” in reference to company that makes rockets that escape gravity
It might even elicit a mild chuckle when you realize nothing "escapes" gravity. You might be thinking of escape velocity?
Re: OpenAI leans toward waiting until next year for IPO
#105Earlier quoted context omitted.
OpenAI did confidentially file their S-1, which costs a ton of money to put together for the bankers and regulators to review. They did test the market and it looks like either the banks or people directly around Altman told him not to move forward. That doesn't mean Zitron was wrong about OpenAI IPOing. They took steps in that direction and then decided not to move forward. That's not his fault. As far as the bubble…
FWIW I think there's a "Y2K never happened" future here, where the bubble never bursts (in the sense of some insane market valuation proving to be lunatic) but everyone does what they can to make sure it doesn't burst on them , and they pull back and the bubble just deflates. Take for example the action on SPACs that made the "SPAC everything" era end.
Maybe, it's certainly a possibility. I'm skeptical only because of the sheer amount of spending that Anthropic/OpenAI etc. are committed to. A soft deflation only makes sense to me if they start making a more profit-driven motion as opposed to growth at all costs, which I don't see happening.
Zitron's reporting shows that OpenAI's losses are scaling linearly with their growth, and their long-term valuation is based solely on the idea that they will eventually reverse this trend. Anthropic/OpenAI pumping the brakes on growth mode could have ripple effects throughout the entire market.
I think the more likely outcome is that these companies keep burning and demanding cash until investors call BS.
Re: OpenAI leans toward waiting until next year for IPO
#106Earlier quoted context omitted.
ChatGPT is the 5th most visited website in the world and gets a ridiculous amount of user data. They're going to be an advertising powerhouse.
There are only so many ad dollars to go around. ChatGPT getting traffic doesn't mean they can convince ad buyers that their dollar goes further than at established players like Google and Meta. AI search is a commodity at this point, even DuckDuckGo has it. Reddit has been one of the world's top websites for over a decade, yet they are totally irrelevant in terms of ad product market share.
I think a lot of money and effort is spent on advertising on reddit. It just goes to astroturfing instead of paying Reddit.
Re: OpenAI leans toward waiting until next year for IPO
#107Earlier quoted context omitted.
Good news: GPT-5.6 has been export restricted.
This is patently false, don't spread rumors. Voluntarily delaying release at the request of the government is not the same as imposing export controls.
By saying it’s false you are also spreading a rumor that OpenAI is goated by us defense. The reality is we don’t know the truth. But since we are spouting off rumors: Government could have given them a national security letter that says, “send all of your prompts and response data to a mirror run by NSA”
Re: OpenAI leans toward waiting until next year for IPO
#108Earlier quoted context omitted.
ChatGPT is the 5th most visited website in the world and gets a ridiculous amount of user data. They're going to be an advertising powerhouse.
The advertising angle is significantly overrated. Theres only so many ad dollars to go around and so every dollar they make they have to take from so other player like Google. With Google having decent AI search now for free OpenAI is already well behind here.
Users coming from Chat or Claude or the likes would be very high intent if done correctly, advertisers would pay a lot of money. I'm certain people would pull budget from Google.
Re: OpenAI leans toward waiting until next year for IPO
#109They just want to see Anthropic crash first and then be the last survivor.
Re: OpenAI leans toward waiting until next year for IPO
#110Earlier quoted context omitted.
The advertising angle is significantly overrated. Theres only so many ad dollars to go around and so every dollar they make they have to take from so other player like Google. With Google having decent AI search now for free OpenAI is already well behind here.
Users coming from Chat or Claude or the likes would be very high intent if done correctly, advertisers would pay a lot of money. I'm certain people would pull budget from Google.
But Google has chat too now plus a ton more data about users OpenAI doesn’t have. There really isn’t anything OpenAI can do that Google isn’t also already doing.