9 of their most important leaders have left the company recently, and Altman is about to ask the public to buy the stock.
2 of them even walked out within 72 hours of OpenAI handing its own staff $7 billion in cash...
On Monday, August 10, OpenAI completed a deal letting current and former employees sell roughly $7 billion worth of their shares. The price valued the company at $852 billion, the exact same number as its March funding round.
On Tuesday, August 11, Brad Lightcap announced he was leaving after 8 years. He spent 4 of them as chief financial officer, then ran the company as chief operating officer from 2022 until April. He worked alongside Sam Altman at Y Combinator before OpenAI existed.
On Thursday, August 13, chief revenue officer Denise Dresser announced she was leaving. She was hired in December from Salesforce, where she had been the CEO of Slack. In April she took over most of Lightcap's responsibilities. She lasted 8 months.
The cash window opened Monday. By Thursday both executives who ran the business side were gone.
But what's interesting is who actually wrote the $7 billion cheque:
Every previous time OpenAI let its employees cash out, an outside investor bought the shares. In October, Thrive Capital, SoftBank and others put up $6.6 billion at a valuation near $500 billion. There was a $1.5 billion version of the same deal in 2024.
This time OpenAI bought the shares back itself, using its OWN money.
So no outside investor put a single dollar behind that $852 billion price. The company named its own number and then paid it.
This is a business generating around $2 billion a month while losing roughly $1.22 for every single dollar it earns.
And it just spent $7 billion of that cash buying its own stock at a number no third party ever tested.
Here is the full list of the people who left since April:
\\\\- Bill Peebles, who ran the Sora video app
\\\\- Kevin Weil, vice president of OpenAI for Science
\\\\- Srinivas Narayanan, technology chief of B2B applications
\\\\- Kate Rouch, chief marketing officer
\\\\- Josh Achiam, chief futurist, after nearly nine years
\\\\- Johannes Heidecke, head of Safety Systems
\\\\- Chloe Bakalar, the only person at OpenAI whose entire job was ethics
\\\\- Brad Lightcap
\\\\- Denise Dresser
Bakalar left in July. OpenAI never announced it, and NOBODY has replaced her.
Fidji Simo stepped down the same month, and two thirds of the organization had been reporting to her.
Greg Brockman absorbed most of her job. He also introduced Dresser's replacement this week, a Wiz executive named Dali Rajic.
OpenAI filed its IPO paperwork confidentially on June 8. The full prospectus, the one with audited financials in it, still has not appeared.
So the order of operations is worth sitting with...
File the paperwork in June. Buy your insiders out in August at a price you set yourself. Watch the people who built the commercial side leave that same week. Then show the public the books.
Retail investors will see those numbers for the first time in a document written after every one of these people had already made their decision.
Sam Altman told staff in June that he expects to go public within the next year. Reporting since then has pointed at 2027 instead, and a tender offer of this size is usually what a company does when the listing is not close.
Here is what I think happens next:
That prospectus lands with a revenue line big enough to carry the story, and the executive turnover gets buried in the risk factors where almost nobody reads. The people who priced OpenAI at $852 billion this month were the same people who took the money out of it; and the next set of buyers will not get that arrangement.
https://www.reddit.com/r/aigossips/comments/1vpq8m8/openai_is_falling_apart_right_now/Have been working on Deepseek-v4-flash-0731 and honestly for the entire day of coding, I consumed credits of $3. This is on pay-as-you-go plan. Ofcourse it is not Fable or Sol but it gets things done with a fraction of cost. Given it (along with other Chinese models) is open source model, I'm not worried about data residency and stuff.
I see 2 outlooks for companies like Anthropic and OpenAI:
1. They will double down on harness and they'll still lose (We do have good open source harnesses now)
2. They will be consumed by US Government to build frontier intelligence for defense, cybersecurity etc.
I think building better frontier intelligence is not economically viable. I would rather use open source 100x cheaper model which is equivalent to Opus 4.8 than Fable. (Opus 5 is anyway shit)
https://www.reddit.com/r/LLM/comments/1vcp33f/i_dont_think_anthropic_and_openai_will_survive/9/1: Cracks are forming 🌲🪓
\---------------------------------------------------------------
[Part 2 is now posted on my reddit user page](https://www.reddit.com/user/sfw_supdood/comments/1vyfdxe/the_ai_trade_part_2_how_to_play_the_current_market/). r/wallstreetbets has begun removing my new posts.
Normally big money can stay irrational longer than you can stay solvent. This time it's flipped.
For those who don't work in the tech industry, the hype for cutting edge models is already completely dead. We got a taste of what it was capable of with Fable, but it turns out it's mostly just good at making stuff that already exists like Minecraft and Tinder clones. It was kinda neat for the 2 weeks it was freely available on plans, but ultimately none of these businesses are willing to pay ludicris token prices just to use a slightly better model. Companies have already switched back to subscription models, they'd be stupid not to, it's free compute. Even if they were to remove subscriptions entirely, it wouldn't help as people can just switch to open source models instead. It's a no win situation for Anthropic and OpenAI.
This means that the only AI sector that was going for mass compute, LLMs, will definitely not be able to ever pay back all that compute they spent. That's 2.5 trillion down the drain.
This is where you come in 🏳🌈🐻's. Private equity, Softbank, Amazon, Microsoft, CISCO, and NVDA have to hold this massive bag of debt they spent on these worthless models and they want you to buy it from them. Expect the market to trade sideways or slightly down until this crashes, they are trying to slowly offload shares without crashing the market. Their goal is to hold out until the Anthropic IPO so they can short their own shares to cover (this let's them get around the 180 day rule). They want to offload their shares on you at a 2 trillion evaluation and then rug pull your 401k.
Pay attention to their strategy, it's so obvious. They use low volume to pump up pre-market so they can start green and sell into the open. They then trade the stocks back and forth slowly raising the price over the course of the day (creating bull traps) and then selling small chunks into that small momentum. They are also moving out of Semi stocks and into other general S&P strength to prop up the market and prevent a crash. That's why we are net 0 in everything but the AI trade.
Positions:
Sold my remaining 401k at open (I had been selling in chunks the past month)
Late 2027 SNDK, NVDA, PLTR, TQQQ, and ORCL puts.
Other good options are NBIS, MU, and CRWV
One last thought...name just one company that has become more profitable with LLMs. There are none.
https://www.reddit.com/r/wallstreetbets/comments/1vxfisg/the_ai_trade_is_dead_openai_and_anthropic/OpenAI currently generates $25B/year, and it is not a profitable company..
Yesterday I also saw that there is only 22% the will IPO this year, so most likely 2027, this is where they could get part of the money. They are expected to IPO at $1T valuation and companies usually sell 15% to 25% of the shares which would give them 150-250B..
This is type of the investment I would never consider regardless of how fast it is growing..
AVGO ($350B)
OpenAI has signed a deal with Broadcom to design OpenAI accelerators and new chip infrastructure.. The deal stretches over 4 years, but the later hardware deployment estimates are over 10 years..
ORCL ($300B)
This 5-year cloud computing deal targets to heavily expand data center capacity and its tied to "Stargate" data center initiative..
MSFT ($250B)
Ongoing compute commitments for Azure cloud infrastructure and inference costs.. The deal is signed over 6 years..
AMZN ($100B)
Built on an initial $38B compute agreement OpenAI extended the deal with AWS for additional $100B that is supposed to be paid out over 8 years..
$NVDA ($100B could go up to $600B)
Mass purchasing and leasing of the top GPUs, massively intertwined with a big strategic investing round.. There are talks between two companies that would dramatically increase the size of the deal up to $600B total.. Nvidia would finance OpenAI's 350B purchase of AI Nvidia chips..
$AMD ($90B)
Multi year deals to purchase AMD instinct accelerators over 4-5 years.. Gradual scaling toward the 6-gigawatt ceiling across future generations of AMD hardware, projected through approximately 2030. AMD also has option to get 10% of OpenAI stake..
$CRWV ($22B)
Specialized data center space and GPU cloud rental to assist model training. The deal is signed for the next 5 years..
Do you think OpenAI can find a way to pay out all of this commitments or the link is going to break at some point?
https://www.reddit.com/r/stocks/comments/1vdf3sz/how_the_fck_is_openai_going_to_pay_14_trillion/OpenAI is an American artificial intelligence (AI) public benefit corporation headquartered in San Francisco. It develops proprietary generative AI models, particularly its GPT series of large language models (LLMs). Its release of ChatGPT in November 2022 has been credited with catalyzing ...
https://en.wikipedia.org/wiki/OpenAIOpenAI | 11,207,985 followers on LinkedIn. OpenAI is an AI research and deployment company dedicated to ensuring that general-purpose artificial intelligence benefits all of humanity. AI is an extremely powerful tool that must be created with safety and human needs at its core.
https://www.linkedin.com/company/openaiWe’re ending our partnership with Cursor following its acquisition by SpaceX. Under our proposal, Cursor’s direct access to our models would end on November 12. We know that the people most affected by this decision are the developers who rely on OpenAI models in Cursor.
https://x.com/OpenAI5M seguidores 5 seguidos, 1,747 publicaciones - OpenAI (@openai) en Instagram: "OpenAI’s mission is to ensure artificial intelligence benefits all of humanity. Proud parent of @chatgpt"
https://www.instagram.com/openai/?hl=enOpenAI is an AI research and deployment company. OpenAI's mission is to create safe and powerful AI that benefits all of humanity. We are an unofficially-run community. OpenAI makes Sora, ChatGPT, and DALL·E 3.
https://www.reddit.com/r/OpenAI/AboutPressCopyrightContact usCreatorsAdvertiseDevelopersTermsPrivacyPolicy & SafetyHow YouTube worksTest new features · © 2026 Google LLC · OpenAI - YouTube
https://www.youtube.com/OpenAIopenai
from wikipedia , the free encyclopedia
american artificial intelligence company
not to be confused with
openal
,
openapi
, or
open - source artificial intelligence
.
openai ...
https://wiki2.org/en/OpenAI_APIopen ai
unclaimed
openai . com
founded year
2015
stage
line of credit - iii | a live
total raised
$ 197.398 b
last raised
$ 520 m | 2 mos ago
revenue
$ 0000 view
mosaic score...
https://www.cbinsights.com/company/openaiopenai
verified
we've verified that the organization openai controls the domain :
openai.com
https : / / openai . com /
pinned
openai - cookbook
public
examples and guides for using th...
https://github.com/OPENAIartificial intelligence
what is openai ? company , products and impact
openai is an artificial intelligence startup that forever changed the ai industry with chatgpt . here ’s everything to know a...
https://builtin.com/articles/what-is-openai