OpenAI Is Preparing to File for an IPO in the Coming Days or Weeks
35 points by mfiguiere
by raghavchamadiya
0 subcomment
Wild how fast this moved from "capped profit" to full profit conversion to IPO. Wonder what the final valuation lands at given how fast they're burning cash
by jcjmcclean
0 subcomment
I'll be fascinated to see the financial details that could be made public from this.
by reducesuffering
1 subcomments
OpenAI's entire raison d'etre is because they didn't trust Google to steward AGI because it was entirely a profit-maxxing public corporation, and thus OpenAI needed to be a non-profit not subject to the whims of profit-maxxing. Now that the "non-profit" only owns ~27%, and can be entirely sidelined so that the 73% of profit-maxxing votes controls the direction, I'm wondering in what sense any OpenAI employee could possibly believe their Charter wasn't entirely betrayed. But I'm sure little of them care, as long as they can make $, same as Google.
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