OpenAI to confidentially file for IPO as soon as Friday

avaer

A race to lock in the money next to SpaceX (which just filed an S-1)? This can't go well.

throwawaygmbno

What is the advice from the internet? Did you invest in Tesla and now invest in Open AI because who cares about ethics if you can make money? Anthropic has the obviously the better product and were seemingly ethically better until they burnt their developer goodwill and started accepting Musk infrastructure. But does having a better product actually translate to making more money? Should I just lay down and die because there's no good choice when it comes to investing in this product they market as killing off people's livelihoods?

sandeepkd

Looks like there is only limited money in the market and there is a race to get it first. Wonder if the free market concept should move the prices down in such a scenario?

amusingimpala75

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?

henry2023

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

aurareturn

Discussed here: https://news.ycombinator.com/item?id=48210226

bandrami

Cool does this mean they'll disclose their revenues and expenses in line with GAAP?

HDBaseT

I can't wait to invest an OpenAI and lose all my retirement fund.

noobermin

Trying to get your money out while there's still time! Quickly now!

techtuate

I was wrong - not investing in FB and Amazon many years ago - thought those businesses will shrivel and die. I believe OpenAI is a bit of a coin flip as the AI space evolves. In fact I feel all AI will be marginal return generators at best. There are a lot of incumbents and a lot more coming as barriers to entry get increasingly lower. Unless a company can build a near monopoly it'll be hard to justify a 100X revenue valuation despite heavy losses. I feel it's safer to take a punt on alternate compute companies (Musk leads but others exist) than take a bet on one of many AI companies to build a monopoly.

ChrisArchitect

[dupe] https://news.ycombinator.com/item?id=48210226