OpenAI Is Preparing to File for an IPO Soon

dbbk

Good luck with that I guess

rvz

The "I" in "AGI" stands for IPO. So as we can clearly observe: "AGI" which at this point is (A Giant IPO) is almost here. Now all of humanity will benefit from this being e̶x̶i̶t̶ ̶l̶i̶q̶u̶i̶d̶i̶t̶y̶ shared by everyone for everyone. Right?

aurareturn

Throughout the “AI bubble” talk in 2024 and 2025, I consistently argued that we were nowhere near the peak of the AI bubble. So far, that view has held up, as valuations are significantly higher today than they were in 2024 and 2025. If you look at the way the dotcom bubble unfolded, dotcom didn't take off until after Netscape IPOed in 1995. The market had 5 more years of growth until the collapse. And even after collapse, the Nasdaq was 2x higher post pop than in 1995. If history repeats itself, the stock market will take off after OpenAI and/or Anthropic IPOs. Be scared when random AI companies IPO with bad ideas and no revenue. My posts on AI bubble over the years: * https://news.ycombinator.com/item?id=40739829 * https://news.ycombinator.com/item?id=43385830 * https://news.ycombinator.com/item?id=47035647 * https://news.ycombinator.com/item?id=46241944

cdrnsf

Can't wait to see those revenue numbers.

aurareturn

Any early guesses on end of first day market cap? I'm going to guess $2.5 trillion which is about 2.5x their current valuation. I think the hype is going to be immense.

nodesocket

Smart move IPO'ing ahead of Anthropic. Can take a lot of AI capital being first mover... That is, until Anthropic IPO's which I expect shortly.

cess11

Well, I guess that's an effective way to deflect responsibility for the harms they cause from the people actually in control of their software and databases, onto 'shareholders'.

throw03172019

Are they trying to beat SpaceX as well?

skiing_crawling

At this point IPOs are mainly for unloading bags onto retail. Every institution who wanted a piece of these labs got in years ago and captured all the value.

brcmthrowaway

Congrats to OpenAI and RIP to the SF housing market

astkl

It will probably be a failure, that is why they are rushing it to prevent a greater failure. Microslop and Oracle are already way down from their highs. Only Nvidia as the shovel seller still performs well. People generally hate AI. The IPO price will be inflated and the stock will drop 10% on the first day, like many late stage IPOs in the 2000 bubble. Friends and family like the Kushners will cash out. Trump might even suspend wars around the IPO date.

bensyverson

Let's hope—and I say this with zero sarcasm—that their relationship to Wall Street is cruel indifference.

Aboutplants

The summer of Trillion dollar IPO’s is upon us. OpenAI, Anthropic, SpaceX Will they eat each others potential capital appetite? Or is there just that much laying around for them all to gobble up the bag?

Kye

Say OpenAI IPO 5 times fast

iLoveOncall

I'll believe it when I see it. Anthropic or OpenAI IPOing is literally signing their own death certificate. The valuation will go to zero as soon as they have to submit actual numbers instead of the salad of bullshit they usually serve investors.

cute_boi

They better file before bubble burst.

paol_taja

The funniest possible outcome is OpenAI going public and then having to explain to shareholders that the path to AGI requires losing more money than previously expected, but with greater confidence.

amusingimpala75

Are we not going to talk about the literal CFO saying their books aren’t up to rigorous reporting standards and need to wait until 2027?

myvoiceismypass

You can get exposure to OpenAI now via the Robinhood Venture Fund I (RVI) if you so chose (that fund is up 170% since its inception earlier this year.)

bandrami

Cool so will they release revenue and expense numbers in line with GAAP?