OpenAI IPO Leak: Altman’s Shock Play
OpenAI IPO push: $22.5B SoftBank deal, Altman’s $1.5T chip gamble, 1B-user product blitz
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OpenAI is one step closer to an IPO.
According to the latest news, SoftBank has approved the remaining $22.5 billion investment in OpenAI. The condition for this financing is that OpenAI must complete its restructuring by the end of the year to pave the way for going public.
Meanwhile, Altman’s various unconventional operations have been exposed:
He bypassed investment banks and lawyers, relying primarily on his inner circle to negotiate with NVIDIA, AMD, and others, orchestrating chip deals worth $1.5 trillion.
This unconventional transaction process resulted in agreements that lack detailed financial terms and constitute circular transactions, drawing widespread criticism from analysts.
If OpenAI fails to restructure, it will receive less money
SoftBank is really going all in this time.
The second $22.5 billion investment, combined with the previous $7.5 billion, brings SoftBank’s total investment in OpenAI to $30 billion.