The Most Hyped AI IPO Ever Might Be a Trap…
OpenAI’s charter says that if a rival gets within two years of AGI, OpenAI will cease competing and help them instead. That’s one reason Emily Flippen isn’t excited for the IPO. Jose Najarro and Emily break down three red flags: just 18% sequential revenue growth, a retail-heavy revenue mix that doesn’t scale, and north of $1 trillion in commitments to partners like NVIDIA (NVDA), Microsoft (MSFT), Oracle (ORCL) and AMD (AMD) — with no projected profits until 2030 at the earliest.
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