Sam Altman says an IPO is now the most likely path for OpenAI, given the scale of capital the company will need going forward (he wants at least $1 trillion). Ah, yes it seems that VCs and institutional/core investors like Microsoft want to exit from OpenAI and get retail investors onboard. The question is how they are still going to make money for retail investors and why VCs and institutional investor wants exit given that AI is future? Something is not right here. lol.
https://www.wsj.com/tech/ai/openais-promise-to-stay-in-california-helped-clear-the-path-for-its-ipo-3af1c31c
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"Hold this bag for a sec."
Paywall free link https://archive.is/NCZhi
TL;DR: They want to *trap retail investors* on the AI/LLM hype train and give money back to VCs and institutional/core investors. It is very expensive to stay in AI biz just to create memes pics and videos apart from code auto complete. That is my best guess.
@nixCraft CTRL-ALTman-DEL :-P