These companies are burning enough cash that they will need to be public.

We’re about to have 3 of the worlds’s largest corporations be massively in the red.

I believe, but could be wrong, is that the big change is the time frame for index and managed funds buy in. It used to be a year, but it's much shorter now, like 2 weeks. Which means as long as they can maintain a high market cap relative to their exchange for that time period they will be stabilized by institutional funds and basically crowd sourcing any losses to the public and massively cashing out the internal pre-ipo investors.

At least that's my understanding of the current market dynamics regarding IPOS, if I'm wrong that would be great, and if someone else would explain it even better.

Current administration might rig the rules to take the credit of AI boom.

Even third world doesn't have this much shameless and corrupt regime as much as this one is.

> How does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny?

Perhaps they will just tell a lot of lies.

In the past people would generally avoid this when it came to stock market filings for fear of legal consequences, but the OpenAI C-Suite is already at least +$26 million to Trump and has plenty more to send his way if that doesn't cover it.

Crime is legal in 2026 (if you can afford the kickback fees).

I'm guessing they had a significant revenue spike from gpt 5.4 and gpt 5.5 being so good at coding, and hiccups at anthropic making it easier for programmers to try the models.

They say that the CFO isnt ready for public scrutiny and deny her access to the accounting.

The CFO doesn't even report to Sam Altman directly. I would not assume that the decision is up to her in any meaningful way. I predicted a while ago and still stand by an 80% chance that their S1 is disastrous on the scale of WeWork; so, so much of what people think they know about OpenAI's finances is based on snippets and rumors rather than firm audited statements.

Given the nature of private conversations, I suppose there is no source to this claim?

Can't they just tell GPT-5.5 to fix their books, make no mistakes? Are the accountants also not replaceable by AI when doctors, lawyers and engineers are?

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