quote:
OpenAI is leaning toward holding off its initial public offering until next year, three people involved in the company’s deliberations said, a turnabout that punctuates the uncertain future for fast-rising artificial intelligence giants.

quote:
But a cascade of recent developments has caused OpenAI’s executives to shift away from their most aggressive aspirations. Top of mind is what has happened to Elon Musk’s SpaceX after its I.P.O. this month. It was the largest ever, raising more than $85 billion and reaching a valuation of $1.77 trillion on its debut. Since then, SpaceX’s stock has been on a downward slide

quote:
The company is also spending heavily on marketing and recruiting high-profile engineering talent from companies like Meta and Google. It is searching for other lines of revenue, including dabbling with placing ads inside ChatGPT and striking e-commerce deals with companies like Shopify and Stripe that would allow people to buy things from online stores directly inside ChatGPT.

Obviously this will be a drag on most of the surrounding industry, as openAI would not be able to meet its commitments to partners without the influx of cash from the IPO.

NYTimes Source

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Posted by lsuconnman

Baton rouge

Member since Feb 2007

5401 posts

Posted on 6/26/26 at 8:16 am to UltimaParadox

I’d bet Ed Zitron leaking their financials played a significant role in the decision. Apparently they spent more in marketing last year than any other corporation on the planet. …and I don’t think they achieved the intended narrative.

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Posted by cgrand

HAMMOND

Member since Oct 2009

50065 posts

Posted on 7/7/26 at 4:02 pm to UltimaParadox

quote:
. It is searching for other lines of revenue, including dabbling with placing ads inside ChatGPT

this is ZETA by the way; this is why the partnership with ZETA was struck. OpenAI (as opposed to anthropic for example) is a consumer based model, very similar if not identical to what google did. to be a consumer based model means depending on ad revenue. they cant go public safely until ad revenue is embedded and predictable/scalable.

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