OpenAI's $122B Cash Grab: Retail FOMO Before the IPO Circus
Everyone figured OpenAI's IPO was imminent. Instead, they're hoovering up $122 billion privately — with retail investors chipping in $3B — rewriting the script on AI's money game.
⚡ Key Takeaways
- OpenAI raised $122B at $852B valuation, including $3B from retail investors pre-IPO.
- Press release builds S-1 narrative with aggressive revenue claims and 'superapp' ambitions.
- Skeptical view: Valuation bubble risk akin to dot-com peaks, potential WeWork-style crash.
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Originally reported by TechCrunch - AI Policy
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