Sep. 16 at 10:23 AM
$SPY $DIA $QQQ $VTI $MAGS
This is becoming a very scary joke:
"OpenAI mulls funding round at
$1.2 trillion valuation ahead of IPO, FT reports"
The company had closed a funding round in March with
$122 billion in committed capital, valuing it at
$852 billion.
OpenAI CEO Sam Altman said on Saturday that the company would not go public in 2026, citing safety concerns over artificial intelligence.
Sam is spinning. They are not going public because the model is a dead end and investor confidence has dried up.
This is near peak efficiency and efficacy for this technology on these platforms. Wall ST is about to diorce Silicon Valley, and it is going to get ugly. This is the end of frenzy.
https://www.reuters.com/legal/transactional/openai-mulls-funding-round-12-trillion-valuation-ahead-ipo-ft-reports-2026-09-15/