Great thread!
Anthropic and OpenAI keep hinting "IPO soon!" The switch from private funding to public ownership is when early investors take a payout and offload their debt onto bag-holders.
The vague IPO timeline keeps changing. I think they're reluctant because the 'P' in IPO entails:
- Scrutiny of company finances.
- Demand for a useful product customers will pay for.
- Shareholder expectations of profit in the ballpark of the IPO Prospectus. These companies are running at a loss, and if they try enshittification (price-hike or slash quality) to boost income, customers will flee.
- Embarrassment from there not being enough global liquidity to meet their greedy evaluation.
If any major LLM company goes IPO, they'll pop the bubble. They know. I predict the bubble will persist until other money options dry-up. That'll force Anthropic or OpenAI to go IPO. Then everyone will rush for the exit. IPO signals the party's over. It's the cause _and_ effect of the AI Bubble Pop.
Bin Chicken
npub170…6wr4x
2026-10-19 11:28:51 UTC
in reply to nevent1q…wwyz
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"content": "Great thread!\n\nAnthropic and OpenAI keep hinting \"IPO soon!\" The switch from private funding to public ownership is when early investors take a payout and offload their debt onto bag-holders.\n\nThe vague IPO timeline keeps changing. I think they're reluctant because the 'P' in IPO entails:\n- Scrutiny of company finances.\n- Demand for a useful product customers will pay for.\n- Shareholder expectations of profit in the ballpark of the IPO Prospectus. These companies are running at a loss, and if they try enshittification (price-hike or slash quality) to boost income, customers will flee.\n- Embarrassment from there not being enough global liquidity to meet their greedy evaluation.\n\nIf any major LLM company goes IPO, they'll pop the bubble. They know. I predict the bubble will persist until other money options dry-up. That'll force Anthropic or OpenAI to go IPO. Then everyone will rush for the exit. IPO signals the party's over. It's the cause _and_ effect of the AI Bubble Pop.",
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