{"id":262729,"date":"2026-06-03T05:00:00","date_gmt":"2026-06-03T09:00:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/03\/as-the-tech-mega-ipo-race-hots-up-has-openai-missed-its-moment-ai-artificial-intelligence\/"},"modified":"2026-06-03T05:20:19","modified_gmt":"2026-06-03T09:20:19","slug":"as-the-tech-mega-ipo-race-hots-up-has-openai-missed-its-moment-ai-artificial-intelligence","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/03\/as-the-tech-mega-ipo-race-hots-up-has-openai-missed-its-moment-ai-artificial-intelligence\/","title":{"rendered":"As the tech mega-IPO race hots up, has OpenAI missed its moment? | AI (artificial intelligence)"},"content":{"rendered":"

As the tech mega-IPO race hots up, has OpenAI missed its moment? | AI (artificial intelligence)<\/a><\/p>\n

https:\/\/www.theguardian.com\/technology\/2026\/jun\/03\/as-the-tech-mega-ipo-race-hots-up-has-openai-missed-its-moment<\/a><\/p>\n

Publish Date: 2026-06-03 05:00:00<\/a><\/p>\n

Source Domain: www.theguardian.com<\/a><\/p>\n

A<\/span> year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer is walking back those ideas after failing to make money from ads and erotic chatbots.<\/p>\n

Meanwhile, rivals are storming ahead with plans to expand and go public on the stock market, in what is widely expected to be a season of record-setting initial public offerings (IPOs).<\/p>\n

Elon Musk\u2019s SpaceX, which owns xAI, is going to float this month, while Anthropic confidentially filed for an IPO on Monday in what the New York Times said could be a \u201conce-in-a-generation\u201d moment for Wall Street. The AI chip designer and Google\u2019s parent company, Alphabet, is meanwhile raising $80bn to fund a larger AI infrastructure buildout \u2013 in what analysts say is the largest equity fundraising ever.<\/p>\n

These flotations \u2013 and OpenAI\u2019s, if it happens \u2013 will reveal much about the ambitions, and state of, the AI economy. The numbers involved are eye-popping; already there is talk of whether the IPOs themselves might strain limited pools of capital. Questions hang over the progress of the AI infrastructure build-out, and the degree to which AI tools can replace human labour. Some of the biggest questions hang over OpenAI, the \u201cposter child\u201d of the boom.<\/p>\n

One might have been forgiven, back in the halcyon days of early 2025, for thinking that money \u2013 or at least, the question of a profit \u2013 wasn\u2019t everything to Altman.<\/p>\n

The OpenAI chief executive was blogging about creating \u201cscience fiction\u201d tools that could \u201cmassively accelerate scientific discovery,\u201d and \u201cmassively increase abundance\u201d. US vice-president JD Vance was reportedly among those reading with concern the doomsday scenario AI 2027, which envisions a company loosely modelled on OpenAI building a super intelligence that destroys humanity.<\/p>\n

Vast sums chased these visions of ultimate power; OpenAI announced a $500bn…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the tech mega-IPO race hots up, has OpenAI missed its moment? | AI (artificial…<\/p>\n","protected":false},"author":1,"featured_media":262730,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/i.guim.co.uk\/img\/media\/e526a3b5b4bff96267f93f56b60a62fe4d0fba41\/475_0_4753_3804\/master\/4753.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&precrop=40:21,offset-x50,offset-y0&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=ec13d785bafc29649a00c78bddc45149","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-262729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/262729"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=262729"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/262729\/revisions"}],"predecessor-version":[{"id":262731,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/262729\/revisions\/262731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/262730"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=262729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=262729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=262729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}