alt Hacker NewsOpenAI's Sam Altman says it would be 'ill-advised' to go public in 2026
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I like Gaben's take on going public. This is a clip from a longer talk he gave which I think is really insightful into many aspects of the economics of software and company culture.
However bad anthropic’s financials look I’m sure OpenAI’s look even worse
I'm sure it's not because of the horrific state of their financials, no sirree!
Maybe this is a dumb take but I don't think they'll ever go public. Their company is so volatile and unsustainable in the long-term that I don't think it makes sense to go public at all.
"I would say not 2026, yeah. We’ve got a lot of stuff to do."
Why is this even a "would say" kind of thing. Surely AGI - they've achieved it three times now, right? - has lead to a datacenter full of PhDs who will perfectly time the IPO.
This gives off major "we don’t trust our own product" energy. Actually, they tell exactly this. Matrix vibes, anyone? Also, unpopular opinion: The 4th movie isn’t as bad as people say.
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Prices are moving inference to highly profitable, oAI seems to have solved their training problems, and they're currently competing nicely with Anthropic on the coding side. I'd wait, too -- why fight this stuff out in public when you can stay private and have your big competitor deal with all the public company concerns? There's plenty of capital available in the private markets for them right now.