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OpenAI may not be able to IPO in 2026 (pivot-to-ai.com)

submitted 5 days ago by dgerard@awful.systems to c/techtakes@awful.systems

10 comments fedilink hide all child comments

But your pension fund will pay if it does

https://www.youtube.com/watch?v=ZAZRZcVM14E&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260508-openai-may-not-be-able-to-ipo-in-2026 - podcast

time: 6 min 18 sec

top 10 comments

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[–] V0ldek@awful.systems 7 points 3 days ago* (last edited 3 days ago) (1 children)

Two things:

One, it's a remarkable accomplishment to not manage to cook an IPO even now when SEC is functionally gutted by the Trump admin. They made crime legal! What are you doing?! Just lie in the statements and run to Barbados or something

Two, I am baffled by this

Harrison Rolfes from Pitchbook (...) thinks a good time for OpenAI to do an IPO is “mid-to-late 2027”. He wants a few quarters of “clean execution” and not floundering.

Like what? What are you talking about. The whole point of the IPO is to cash out ASAP before the music stops. Why are you talking about OpenAI like it's a real business? Am I in Wonderland? The best time for OpenAI to make an IPO was yesterday, the second best is right fucking now, how would waiting a year be possibly good for them

[–] samvines@awful.systems 3 points 3 days ago

A lot of MBA bean counter types lack the intelligence or self awareness to realise they are part of a big scam and seem to earnestly think they are doing an important and valuable job. That's how you end up as a mid level spokes person at Pitchbook rather than someone making billions by doing ~~investment fraud~~ an AI company

[–] Soyweiser@awful.systems 25 points 5 days ago (2 children)

Cant IPO, cant AGI, cant ROI, poor openAI just the worst luck.

[–] eleijeep@piefed.social 15 points 4 days ago

They should try GTFO

[–] Flyberius@hexbear.net 4 points 5 days ago (1 children)

I dunno, look at Teslas sick value, it had no basis in reality. It could easily become a meme stock. Our financial system is ridiculous

[–] Soyweiser@awful.systems 6 points 5 days ago (1 children)

Sure, but they got to IPO for that.

[–] Flyberius@hexbear.net 3 points 5 days ago (1 children)

I think you underestimate the system's ability to nurture grifts.

[–] hitmyspot@aussie.zone 2 points 5 days ago

Especually when for an early investor, IPO is passing the bag for something like AI. If they had a profitabke priduct, there is no need to do an IPO. IPOs are a way toncash out, for these tech comoanies, not a way to raise funds.

[–] gerikson@awful.systems 2 points 3 days ago (1 children)

This sneaky way of getting on the index from day 1 makes me so mad. Are the index funds really contractually required to follow the exchange's definition of index? I guess they are. It feels skeevy as hell that one company can skirt the rules this way however.

[–] Sualtam@lemmus.org 1 points 1 day ago

Yes of course they are obliged to follow the index.