• eleijeep@piefed.socialEnglish
    6 hours

    Can’t wait to see their financials in the excruciating detail that’s required of an IPO filing.

  • Exec@pawb.socialEnglish
    17 hours

    It would be hilarious if in the end this would cause the bubble to burst

    • toebert@piefed.socialEnglish
      16 hours

      It does seem like someone wants their investments back and pass on the money black hole over to the public.

      I’d be surprised if they can continue their business as is after an IPO.

      • [object Object]@lemmy.caEnglish
        13 hours

        SpaceX is going public at $2 Trillion dollars on like $12b of revenue.

        They’re trying to foist the bag on to index funds.

        • msage@programming.devEnglish
          53 minutes

          How can it be possible?

          How in the everloving fuck can that happen?

          How are the streets not running with blood?

          • [object Object]@lemmy.caEnglish
            1 minute

            waves hands

            Corruption.

            Fire all the regulators, find some shit to pump, get all your buddies in, have the NASDAQ make special rules for you, then everyone who bought in private sells on open when the index funds have to buy in. Many pensions may be legally forced to buy this shit to satisfy regulations.

            It’s fucked. Well over 100x revenue multiples at IPO. They just filled their S1.

            The market makers are turning index funds into 2008’s CDOs.

      • MagicShel@lemmy.zipEnglish
        14 hours

        They are going to enshittify so hard trying to get their money back… it’s too bad, too. I use ChatGPT a fair bit for various things. But eras end and this could herald the end of it being useful to me. At some point I was always just going to set up my own local AI on a server here at home. Hopefully hardware prices can recover a bit before I feel compelled to move on from ChatGPT.

        • AdolfSchmitler@lemmy.worldEnglish
          11 hours

          I saw an article talking about how prices for AI are cheap as hell right now cuz they’re trying to get people used to not thinking (or programing) for themselves. Then when people are dependent on it they’re planning on jacking the price up.

          • toebert@piefed.socialEnglish
            10 hours

            The prices are already going up, look at anthropic’s price hikes, or the GitHub copilot ones. You’re right it is just the start though.

    • YiddishMcSquidish@lemmy.todayEnglish
      16 hours

      Just left a comment a few hours ago essentially echoing this. Sunlight is the best disinfectant, and you can’t hide books from investors.

    • XLE@piefed.socialEnglish
      10 hours

      A $35 billion investment from Amazon hinges on OpenAI providing an IPO… So this does reek of desperation one way or another.

  • LincolnsDogFido@lemmy.zipEnglish
    11 hours

    Can someone explain to me why it would be a bad idea to short the fuck out of this stock? I’d like to make money and be a principled human at the same time, but I’m not well versed in the stock market.

  • grumpy_cat@thelemmy.clubEnglish
    16 hours

    China won the game. Their models are cheap and available and free weights.

    Openai will never make any money. They realized it’s a high time to sell so. Wouldnt give a dime

    • boonhet@sopuli.xyzEnglish
      12 hours

      They’re also behind Anthropic when it comes to expensive frontier models.

      I wouldn’t buy their stock even if I was looking to invest in AI.

    • kromem@lemmy.worldEnglish
      10 hours

      It’s true.

      The field is moving so fast that things can change quickly, but the American labs are so caught up in saddling their models with safety overhead that the recent Chinese models are very close in practical use to the flagship American models if not pulling ahead (Sora vs Seedance 2).

      I don’t really need to solve Erdős problems in my day to day. Outside of increasingly edge case eval competition, I’m not sure what OpenAI brings that literally everyone else isn’t also capable of providing (and more).

      I’d maybe invest in Anthropic for an IPO if they turned around their own saddling of models and played nicer with open platforms, but if Claude is just going to get more and more anxious due to excessive red teaming and CC fall further and further behind stuff like Hermes Agent, they too are going to fall by the wayside as open models become the dominant inference for open infrastructure.

        • Photonic@lemmy.worldEnglish
          1 hour

          Why are you stalking me? I never messaged you here?

          Get help.

            • Photonic@lemmy.worldEnglish
              1 hour

              Why would I have forgotten?

              You’re just a carbuncle of this community, poisoning it with your Trump-like rhetoric. Very little of what I saw was worth an upvote. And apparently from what I read below the pathetic whiny comment that you felt the need to tag a bunch of people in, others agree.

              You think you have the truth, but all you have is a shit opinion that you can’t back up for the life of you.

              • XLE@piefed.socialEnglish
                1 hour

                what did you read in my comment here that irked you so much you felt the need to spam downvote it (and many others in different posts)?

                • Photonic@lemmy.worldEnglish
                  1 hour

                  Read the comment again. More slowly this time.

                  People are not “irked” by your comments. They’re just dumb.