alt Hacker NewsI think the answer is simply that private money is cheaper than public money for these companies right now.
OpenAI hasn’t had any problems getting impressive amounts of funding. So why ipo?
I think the answer is simply that private money is cheaper than public money for these companies right now.
OpenAI hasn’t had any problems getting impressive amounts of funding. So why ipo?
Two reasons. First, there's more money in the public markets, and Altman's appetite seems insatiable (he's the one who's been calling for gigantic, government-sponsored "Manhattan Project" efforts related to AI); and second, public money comes with fewer strings attached - private investors want protections, board seats, etc.