OpenAI Files For IPO (cnn.com)
- Reference: 0183678710
- News link: https://news.slashdot.org/story/26/06/08/2242200/openai-files-for-ipo
- Source link: https://www.cnn.com/2026/06/08/tech/openai-files-for-ipo
> OpenAI said it has not decided on timing yet. And because the filing is confidential, it's not yet clear how many shares the company plans to sell or at what price. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a post on its [4]newsroom page . But the company said the filing "gives us the option to go public sooner if that ends up being best."
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> The transition to a public company will give Wall Street a window into OpenAI's finances as the company pours billions into AI infrastructure and computing resources. Investors dumped tech stocks last week as they questioned whether a recent run-up in those shares had gone too far. OpenAI was last valued at $852 billion after raising $122 billion in March, but it's faced pressure to demonstrate it can generate the cash to match that valuation.
[1] https://www.cnn.com/2026/06/08/tech/openai-files-for-ipo
[2] https://slashdot.org/story/26/06/01/1837259/anthropic-files-to-go-public
[3] https://slashdot.org/story/26/04/01/2043248/spacex-files-to-go-public
[4] https://openai.com/index/openai-submits-confidential-s-1/
Buckle up! (Score:4, Insightful)
> and a massive payday for early investors
Buckle up everyone - a bunch of new rich white assholes are about to join the fray...
Re: (Score:2)
> Buckle up everyone - a bunch of new rich white assholes are about to join the fray...
and ordinary people's pension funds. this is a cricular money printing machine but it's all based on "valuation", someone has to provide actual liquidity for the cash-outs before it crashes.
Re: (Score:2)
It's the same Rich assholes as always, not all of them are white. I mean technically they are all white because white isn't a skin color it's a way that we have traditionally decided whether or not you are in the in-group or not here in America and other places but that's a whole nother can of worms...
I think this is more about buying into who gets to be a member of the ruling elite in the coming automation apocalypse than anything else though.
AI can't be profitable as a business or a service withou
Re: (Score:2)
oh please, this is a pump and dump. They have been doing this in the tech industry since 1999.
Re: (Score:1)
Don't worry, there's redemption for every bigot. You could start by watching the speech about judging people by the content of their character.
IPO? (Score:2)
IPO? I thought this was supposed to be non-profit...
Re: (Score:2)
[1]It was, then it wasn't [wikipedia.org]. Anthropic was started by [2]people that left shortly after the change. [wikipedia.org] Musk left too and then sued a long time after. And has been in [3]recent news over losing the fight [reuters.com] on the governance change. With that suit settled the IPO can then move forward.
[1] https://en.wikipedia.org/wiki/OpenAI#Corporate_structure
[2] https://en.wikipedia.org/wiki/Dario_Amodei
[3] https://www.reuters.com/legal/government/elon-musk-loses-lawsuit-against-openai-2026-05-18/
Already spent my money on SpaceX (Score:2)
So no money for Sam.
Re: (Score:2)
OpenAI may just be the only IPO worse than SpaceX, so bright sides and all. Though Anthropic will be tossing its hat into that competition too.
All based on fake values (Score:2)
Seriously ? How much profit have the made so far ? Just a Quick number ? Is their service so different and unique from the competition ? How can a company be valued at $852,000 million dollars when they havenâ(TM)t made a cent of profit is beyond me.
Re: (Score:2)
It's the tech way. When private capital runs out you have to raid the 401k and pension money.
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> How can a company be valued at $852,000 million dollars when they havenâ(TM)t made a cent of profit is beyond me.
Whenever you ask yourself that, just repeat in your mind: company valuations are based on expected future earnings.
Re: All based on fake values (Score:2)
Its not just who remains after the bubble pops - its we dont know yet *which product* will pay the bills, and *then* who remains selling that product.
OpenAI has more users overall, but they have mainly "sold" a free / loss leader product. Anthropic has become more popular on the enterprise "maybe eliza doesnt pay the bills" business model. OpenAI pivots but if this were "search" its too early to figure out if either of these is google or they're yahoo and altavista.
Nvidia seems to be betting this is the PC
Software playbook (Score:2)
It costs next to nothing to bring on a new customer since there's no widget to make and ship.
Growing marketshare is *the* priority. Give it away for free. Pay people to use it if you must.
Then once they're hooked, start charging licensing fees. Just a little. More for bigger customers. Maybe keep a free tier for personal use. A little times a huge userbase is enormous cashflow for a little bit of nre.
It's great cuz the customer supplies his own platform, pays for training his own people, and even pays for t
Re: (Score:2)
How do you get people hooked? I change LLM providers more often than I change my underwear.
Re: Software playbook (Score:3)
That sounds like both a problem for you and LLM providers. Perhaps a problem for those around you too...
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> How do you get people hooked? I change LLM providers more often than I change my underwear.
Really? I have both synchronized at once a month, shower beforehand, which most models agree is the appropriate pace and most eco-friendly.
I believe Altman is a dead man within 5 years (Score:1)
Altman made himself the face of AI and the Elon Musk further put a target on his back with the litigation trial. Any and all bad outcomes of AI still be blamed on him correct or not.
With how the AI datacenters are built in residencial areas, at some point a kid with a heart condition will die from the side effects of the noise. You already near stories of the screams of children at night where they have nightmares triggered by the constant vibration.
I fully believe one of these parents will eventually get
Re: (Score:1)
"While Republicans spin the truth on its head, Democrats will cut the truth up and only feed you half." Yea, the GOP is far far from being truth bearers. Democrats? Who the fuck cares. It's a bunch of rich assholes. Take your political pick, they are all the same so get off of your fucking high horse and touch some grass, dumbass.
it's contagious (Score:1)
The enshittification amplifies! How they find private investment to be a noble thing is beyond me. Slouches is all I see.
Sell it off to the suckers before they figure it o (Score:2)
Talk about a company that has nothing to show for itself except the promises of future performance... This should be illegal.
You all will own these stocks (Score:2)
(Almost) anyone with a (401k) ETF will end up owning Space X and OpenAI and Anthropic now that NASDAQ will add those companies to Nasdaq 100 (and many ETFs include the Nasdaq in their portfolio). If you don't want your investments to be subject to the various flavors of the month, move your money quickly. Or ride the ride (it will be wild).
Re: the big drop (Score:2)
I'm going to do the poor man's short and just sell up before this all happens. Would be nice to be wrong but I'm not willing to risk what I suspect.