Latest / Durham News Today | 2 Min News | The Daily News Now!
OpenAI Pushes IPO to 2027 for $1T Valuation | Durham News
OpenAI is delaying its IPO until 2027 to chase a trillion-dollar valuation—refusing to settle for its last private valuation of $852 billion. CEO Sam Altman’s insistence comes amid caution from advisors, who cite SpaceX’s shaky IPO as a warning sign. Despite tripling revenue to $13 billion in 2025, OpenAI’s $34 billion in R&D expenses left it deeply in the red, raising concerns about meeting public company standards. Meanwhile, rival Anthropic, founded by former OpenAI researchers, just closed a $965 billion funding round and filed for its own IPO. Complicating matters further, OpenAI faces a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.