OpenAI Leans Toward Waiting Until Next Year for IPO

babelfish

> up from the company’s last private valuation of $730 million typo

therobots927

Huh. I wonder if everyone breathlessly defending OAI and disparaging Ed Zitron on here a couple weeks ago is ready to admit they were wrong? https://news.ycombinator.com/item?id=48550465 This comment is just great, starting off with: “To be honest I almost think the numbers are irrelevant...” Here’s another gem: “My takeaway from this is that it's incredibly validating as a business model. Inference is _highly_ profitable...” Thanks for the laughs. It’s a small compensation for the immense damage you’ve all done to the industry and more importantly the economy (which you will deny until the very end of the cycle like the cowards and frauds that you are). You know, Ed actually did Scam a favor by leaking those numbers and saving him the embarrassment of filing an S1 (something Wario still hasn’t gotten up the nerve to do yet by the way).

cdrnsf

> 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.

dminik

> 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. Surely if your company isn't just blowing smoke then you have nothing to worry about. Or is this an admission that the insane valuation for these companies is currently just bullshit?

koolala

Maybe they want a Mythos level model first.

cmiles8

The window has basically closed for them for the time being. The business math just isn’t there. The best option at this point is kick the can down the road and hope market sentiment improves next year. Not much signal that it will, and quite a lot of signal the sentiment only declines, but pumping the brakes is the least worst option on the table.

sharadov

I 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.

int32_64

AI exits in America probably have a political cliff approaching fast as populist backlash will hit them, or perhaps they see political winds favorable to regulatory capture in the future and are waiting for that?

sourcegrift

It's over. Open models and chinese models will make fast progress and that nvidia+ms 128gb monster is what everyone will end up buying. sama can go back to running scams.

outside1234

OpenAI is in deep trouble is what I am reading into this

albatross79

Bad idea, the AI hype train still has some gas, when it settles in that it's just another tool it's all going to fizzle out.

tempodox

They just want to see Anthropic crash first and then be the last survivor.