Hot take on a bad day for OpenAI: WeWork’s IPO fell apart. I’ve been calling OpenAI the (possible) WeWork of AI for a long time. I will not …

Hot take on a bad day for OpenAI: WeWork’s IPO fell apart. I’ve been calling OpenAI the (possible) WeWork of AI for a long time. I will not be surprised if their IPO plans apart, too. Their apparent pondering of “drastic” price cuts seem last-ditch, and will make the long term profitability story even harder to tell. The rejection of SoftBank’s second effort to get a loan against their shares is embarrassing, and says the banks aren’t buying OpenAI’s alleged valuation. Big winner in this is probably Anthropic; should help their IPO. And then the big question will be: can hold off Google? I have no idea.

Source: Gary Marcus (X) | 2026-06-11