Link without Paywall
I don’t get all these discussions about “charitable purpose” and so on. It’s pretty clear that this is oligarch run institutions and the individuals involved are likely incapable of understanding the concept of “charitable purpose”.
Wasn’t there an article a couple of days ago that they were giving up on going for-profit and will remain non-profit?
Yes, but now the company would try to be a PCB, and being this type of company doesn’t prevent it from going public. For example, Planet Labs PBC is listed on the stock exchange.
Microsoft is going to own them at some point.
Honestly can’t wait for this IPO. I’ll take all your downvotes.
Are you an insider? Or why exactly are you waiting for their IPO?
What do you mean insider? Just been waiting to invest.
Just been waiting to invest
…in OpenAI? lol
A fool an his money are soon parted, indeed
Please elaborate. Could probably make some money initially and then get out before they cash out.
It remains to be seen whether its IPO will have good margins or break records that catapult it into the S&P 500 and Dow Jones.
401k pensions will depend on an AI company and if it goes bankrupt, pensions will be affected.
Ah I see. I thought you had equity and wanted to cash out during the IPO.
That would be nice. Catch the first wave, get out after the drop and jump back in to ride it back up. Unfortunately, I’m not a rich man. You have equity in any companies?
Just some super basic index stuff. Day trading style strategies is not my type of thing.
Day trading is a losing game for the little guys
A lot of their staff will be finished with needing to make any money ever again in their lives if they IPO.
But that will also throw OpenAI into the public sphere of needing to make money quarter after quarter forever, which inevitably leads to them sucking and no longer being innovative. Actually OpenAI is already teetering on this already as others are catching up. Sam and other top guys will leave because they hate people telling them what to do and don’t need it.
Facebook and Deepseek are literally giving it away for free now to kill the competition and in some areas other competitors are producing better products already.
It’s a weird space. I used to think we were on the verge of entering a whole new era of technology but now I think it’s going to be muted. Perhaps AI (as we know it now) eased some tasks and eliminated some BS stuff that used to waste our time, but we’ve not yet completely eliminated most professional jobs - if anything I think we just added more for them to learn and do to remain competitive.
People will cash out for sure. Maybe they’ll just jump ship and start another company. I guess that makes sense.
I have to disagree that other GPT’s are anywhere near the newest ChatGPT models.
I do agree AI is not the workforce eliminator that everybody on Lemmy is pissing their pants about.
Just curious if you’re a developer or using LLMs often.
I like Anthropic’s sonnet 3.7 model for agent and code related tasks more than the Open AI models at the moment.
Deepseek and LLama can be run offline, which is great for certain uses especially the aforementioned BS tasks that can perhaps burn through API tokens. Quality of output doesn’t match the top models but this is second to privacy for many.
Not sure where things are at with Dall-E 3 image generation but the last time I was looking it seemed like Stable Diffusion has gotten damn good and is extensible in ways that dall-e is not.
Voice recognition, and TTS output w/emotion OpenAI has the best I’ve ever heard.
Image recognition openAI might lead but the llama4 multimodal stuff is pretty awesome
Anyways I’m just some rando but my observation is that OpenAI better get on that IPO fast unless they have some magic in the pipeline because they are being attacked by competent solutions from every side in a niche that is showing diminshing promise to change everything the father we go.
It’s a weird space. I used to think we were on the verge of entering a whole new era of technology but now I think it’s going to be muted. Perhaps AI (as we know it now) eased some tasks and eliminated some BS stuff that used to waste our time, but we’ve not yet completely eliminated most professional jobs - if anything I think we just added more for them to learn and do to remain competitive.
How could anyone have predicted this outcome!?
Do you think OpenAI will break IPO records?
Not saying anything about records. I think it’ll be a solid stock until the bubble, but they have first to market advantage. I think it’ll be a good long term investment. You think otherwise?
Hey, I have a roaring dumpsterfire of money over here, would you like to invest in this one too?
You think OpenAI is a roaring dumpster fire? Why?
Sam Altman exhibit A?
