The window has basically closed for them for the time being. The business math just isn’t there.
The best option at this point is kick the can down the road and hope market sentiment improves next year. Not much signal that it will, and quite a lot of signal the sentiment only declines, but pumping the brakes is the least worst option on the table.
I doubt that anyone at OpenAI would let their payday decrease. If anything, they got assurances that everyone would keep the bubble going until 2028 no matter what.
> window has basically closed for them for the time being. The business math just isn’t there
Unless Anthropic also cancels its IPO, this probably isn't it.