Source item
Open original source ↗OpenAI put its IPO on hold. The stated reason: powerful AI is too risky right now.
Come on, man. That is marketing 101.
✅ Sam Altman says an IPO is "not 2026," pointing to safety and alignment work still to do.
✅ Meanwhile OpenAI is in talks to raise about $30 billion privately at a $1.4 TRILLION valuation.
➡️ So the pitch is: our product is SO powerful we have to slow down for all of humanity. By the way, the subscribe link is below.
😇 Anytime greed aligns with doing the right thing, you have a little match.
😇 They just happen to be aligned and then it's called branding.
➡️ Want the real reason? Let Anthropic go first and step on the landmines. Anthropic's filing is expected any day.
😇 They're too afraid to go first.
➡️ Why you care: an IPO is when we finally see audited numbers. Thursday's $70 billion vs $50 billion mess is what you get without them.
🚨 The risk in waiting: every month private is another month the market has to guess. Guessing is how one article knocks 1.3% off the Nasdaq 100.
➡️ Bottom line: too risky to IPO, not too risky to take $30 billion. Sure.