Comment by aliljet
6 hours ago
OpenAI halved the value of their pro subscription, literally. It kicks off on Oct 28. And simultaneously is now two steps back on the frontier? It's a confusing moment for that company as they try to IPO.
6 hours ago
OpenAI halved the value of their pro subscription, literally. It kicks off on Oct 28. And simultaneously is now two steps back on the frontier? It's a confusing moment for that company as they try to IPO.
I believe they’ve pushed back the ipo. I always figured that frontier labs were going to be very vulnerable against tech giants that had actual profitable businesses to fund their AI work.
The amount of total funding Anthropic or OpenAI has raised individually is like a year of ebitda for Google, meta, or Microsoft. And it doesn’t look like there’s a real moat outside of money
They pushed back the IPO because their finances are a mess and they don't have any models that can give them a decisive edge. Astra was touted as AGI and got crushed by Opus 5.5 two weeks later. That's not the type of thing that fills investors with confidence.
They are waiting to drop their Bel model in December and try to drop jaws.