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112

ChatGPT maker reportedly eyes $1 trillion IPO despite major quarterly losses (arstechnica.com)

submitted 1 week ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.

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[–] nandeEbisu@lemmy.world 11 points 1 week ago (1 children)

Their early investors need an exit ramp.

[–] zqwzzle@lemmy.ca 6 points 1 week ago (1 children)

Need to find some bag holders.

[–] anomnom@sh.itjust.works 3 points 1 week ago

They want lots of little ones. Hence the plan to go public.