On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.
This will be a scam. It means they’ve run out of private market interest for their funding. US government not yet ready to choose it for Skynet. They are also losing to Anthropic among private/MSFT use.
Not only that, but it means we’re nearing the peak of the bubble. Now that the institutional money is drying up they’re turning to retail investors to keep pumping up their numbers.
That will last for a few news cycles, but we’re two minutes to midnight now. Any bit of disappointing news might be the prick that pops the bubble.