This is the true definition of AGI and will be achieved this year. The I in AGI has always stood for IPO.
Altman Gets his IPO
Confidential submission of draft S-1 to the SEC
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Re: Confidential submission of draft S-1 to the SEC
#12[deleted]
Re: Confidential submission of draft S-1 to the SEC
#13What's the point of a "confidential S-1"?? Isn't the S-1 supposed to inform potential investors?!? So ... shouldn't it _not_ be confidential??
Anthropic did exactly the same thing on June 1st: https://www.anthropic.com/news/confidential-draft-s1-sec
Re: Confidential submission of draft S-1 to the SEC
#14"We want to be ready to grift public money at a moment's notice, but there are still opportunities to grift private money right now, so we are holding off."
Re: Confidential submission of draft S-1 to the SEC
#15Growing worry I have are the dozens of newly minted corporate elites that will continue to wreck havoc on the tech industry mandating their golden paths while America still lacks medicare for all, college for all, and universal childcare.
If you think Sam Altman is bad for the industry, imagine what 200 of him will be like!
Re: Confidential submission of draft S-1 to the SEC
#16What's the point of a "confidential S-1"?? Isn't the S-1 supposed to inform potential investors?!? So ... shouldn't it _not_ be confidential??
Note the word "Draft".
Once it no longer is being drafted—and agreed upon by all parties to meet the needed regulatory standards—it will become final and be publicly published.
Re: Confidential submission of draft S-1 to the SEC
#17I'm just anticipating the next version of “Community-based EBITDA" that sama rolls out in the latest attempt to convince everyone that spending >$1 to earn $1 is a good idea.
Re: Confidential submission of draft S-1 to the SEC
#18"Hey, don't invest too much in Spacex or Anthropic. We're planning an IPO too."
Re: Confidential submission of draft S-1 to the SEC
#19Would be hilarious if they used an LLM to write it and it started hallucinating revenue streams and numbers.
I’m pretty sure they’re smart enough to remember to put “make no mistakes” in their prompt.
Re: Confidential submission of draft S-1 to the SEC
#20"Hey, don't invest too much in Spacex or Anthropic. We're planning an IPO too."
This is the real reason. I don't think equity market has enough capital to support three companies of this size.