OpenAI likely delays IPO until 2027
OpenAI is leaning toward delaying its initial public offering until 2027 after executives concluded a $1 trillion valuation is unlikely to hold this year. Chief executive Sam Altman had pushed for roughly a $1 trillion price tag, a stance that has revived scrutiny of an earlier private valuation around $852 billion. Company leaders point to recent market volatility and weak performances from other high-profile listings as a reason to avoid a major IPO in the current environment. The postponement pushes any employee liquidity events and public-share sales into 2027 and keeps OpenAI dependent on private funding to finance ongoing capital expenditures and model development. The delay will also alter timing and pricing expectations for rival AI companies, including Anthropic, that have been preparing their own public offerings. Investors will have a longer runway to reassess revenue growth and margins for loss-making AI firms before those companies reach public markets.
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 Zitron164While 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?
Sources: OpenAI leans toward holding off its IPO until 2027 after warnings that Sam Altman's desired $1T valuation may not be met in current market conditions (New York Times) Main Link | Techmeme Permalink
Micah132I feel like maybe it’s not great for the frontier labs that the worst and most fraudulent of them was the first to IPO, they’ve all got some grok stink now whether they like it or not
Anne Lutz Fernandez20Give me a womp! Give me another womp!
Relevant Ferret If Known15Okay but how do you survive to 2027 /without it/, is my question
Ian Carrillo5All the fantastical transformations are always just in the distant future. No, not this year, sometime in the following year.
Anadarko4Current market conditions = not enough drool
Cacho3Let's just say its current market conditions....
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 12People 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.
The Trump administration has asked OpenAI to initially limit GPT-5.6 to a small group of government-approved partners before any broader release, citing security concerns, according to a source familiar with the matter.
Thorne 🌸52The pro-Trump, pro-tech crowd proven wrong yet again
Lum26The US AI industry is now crippled by a federal "oversight" that is three bribe-seeking fascists in a trenchcoat. The Chinese AI industry shipped GLM 5.2 last week. Open source, cheaper, and equal in benchmarks to the best of the Western models. 欢迎来到美国的“百年国耻”时代。
ellie lockhart (she/they)13I guess we decided to hand the advanced AI race to China/open models. Once again, Trump delivering a result that might even work out in the long run for the best, but that absolutely isn't what Trump would actually intend
pillory princess3lol it's the whole Chinese EVs thing all over again
Peter2Introducing GPT 5.5-mini, 4x the cost of GPT 5.5
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
