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OpenAI Is Preparing to File for an IPO Soon

wsj.com

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Re: OpenAI Is Preparing to File for an IPO Soon

#121

Post by grey-area »

karmakurtisaani wrote: post #106
sharts wrote: post #104

Now everyone is on the hook for this overpriced unprofitable monstrosity vis a vis pension and index funds. How much longer for the coming economic collapse…

It should still take a year until it's added to the indices, no? At least that's how I understood the SpaceX case: Elon wanted to rush it and get it done in 6 months. So there's still hope that the bubble pops before the funds are poisoned.

Indexes forcing investing will prop the bubble up. It will burst when nobody expects it after a massive IPO pop which makes believers even of the skeptical.

Re: OpenAI Is Preparing to File for an IPO Soon

#122

Post by ifwinterco »

SpicyLemonZest wrote: post #91
amusingimpala75 wrote: post #72

How does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny? Edit: Or has so much somehow changed in two weeks that it’s no longer necessary to wait until next year?

The CFO doesn't even report to Sam Altman directly. I would not assume that the decision is up to her in any meaningful way. I predicted a while ago and still stand by an 80% chance that their S1 is disastrous on the scale of WeWork; so, so much of what people think they know about OpenAI's finances is based on snippets and rumors rather than firm audited statements.

They’ll be using every trick in the book to massage the numbers as much as possible, but even so it’s hard to see how an S1 for OpenAI or Anthropic doesn’t look pretty terrible

Re: OpenAI Is Preparing to File for an IPO Soon

#123

Post by apexalpha »

trilogic wrote: post #119

>Anthropic is currently in talks with investors to raise money at a $900 billion valuation, which would push it ahead of OpenAI. How you go from 380 to 900 billions in a month, I am very curious? So now Anthropic is evaluated 900 billions! Journalism this days is worse than my kids social media channel. Totally, I believe you, go for it, is just one more zero bro. Everyone Brace for Impact. Let´s do it also, Breaking…

> How you go from 380 to 900 billions in a month, I am very curious?

Mythos Marketing.

Re: OpenAI Is Preparing to File for an IPO Soon

#124

Post by ifwinterco »

NewJazz wrote: post #115
sentientslug wrote: post #86

Earlier quoted context omitted.

This is terrible advice, are you buying and self balancing hundreds of different stocks?

Direct indexing is a thing.

It’s a thing but your order execution won’t be as efficient as an ETF, so you will be losing a non-negligible amount each year in slippage from the large number of small transactions

Re: OpenAI Is Preparing to File for an IPO Soon

#126

Post by lelanthran »

avazhi wrote: post #125

[flagged]

> I have no personal skin in the game, but OpenAI seems like the weakest player. Claude and Gemini are both blatantly better.

The market doesn't necessarily reward better products or (in this case) more intelligence.

If it did, I'd be a lot richer than many of the mainstream startups.

Re: OpenAI Is Preparing to File for an IPO Soon

#128

Post by avazhi »

lelanthran wrote: post #126
avazhi wrote: post #125

[flagged]

> I have no personal skin in the game, but OpenAI seems like the weakest player. Claude and Gemini are both blatantly better. The market doesn't necessarily reward better products or (in this case) more intelligence. If it did, I'd be a lot richer than many of the mainstream startups.

> The market doesn't necessarily reward better products or (in this case) more intelligence.

It does when the product being sold is sold based on how intelligent (and thus how capable) it is. Unfortunately with people intelligence is merely an imprecise proxy of capability or organisational productivity.

Re: OpenAI Is Preparing to File for an IPO Soon

#129

Post by sixhobbits »

henry2023 wrote: post #74

Soon to be part of your portfolio if you hold Nasdaq 100 or S&P 500 trackers line QQQ or SPY.

Afaik, Nasdaq removed the seasoning rules to include it from the start, S&P would usually be only a year after IPO but they are also discussing changes

Re: OpenAI Is Preparing to File for an IPO Soon

#130

Post by eclipsetheworld »

henry2023 wrote: post #74

Soon to be part of your portfolio if you hold Nasdaq 100 or S&P 500 trackers line QQQ or SPY.

Collectively, Alphabet (Google), Amazon, Microsoft, and Nvidia already own approximately 25 - 35% of OpenAI and Anthropic respectively. They already are a part of your portfolio.
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