Just speculating and thinking out loud. I think this might be a good news for AI-skeptics. Going with IPO means that investors finally want to get some cash that they cannot get by any other means. There are good examples of private market companies staying like that for many years because they are profitable, they have plenty of cash, and they have a queue of investors eager to put more cash

So what does it mean in this particular case? The board and investors probably don’t see it being realistic to become profitable soon, and maybe even worry about AI ceiling, so they want to profit now