OpenAI's Quest for Public Support: All Eyes Are Upon It!

Here is a summary of the information from today's Morning Bulletin. OpenAI draws attention with its complex financial needs and expensive projects but currently does not wish to go public.

The company presents itself as a strategic asset that the U.S. government needs to protect and is seeking support from the public. Some minor public relations issues faced by CEO Sam Altman and his team seem to be seriously affecting them.

OpenAI CFO Sarah Friar stated at a Wall Street Journal event that they are asking for loan guarantees from Washington. However, this statement quickly sparked backlash, leading Friar to soften her comments and apologize on LinkedIn for using that term.

Altman, on the other hand, clearly expressed in a social media post that his company does not need government assistance. The search for support that will be provided by the state for OpenAI’s serious financial commitments raises questions, especially considering that the company generates approximately $13 billion in annual revenue.

This situation was also highlighted in a podcast between Altman and investor Gerstner. Altman responded sharply to Gerstner's question, stating, "If you want to sell your shares, I can find a buyer for you." This statement resonated widely on social media, and even Microsoft CEO Satya Nadella watched this moment with a smile.

Additionally, Altman's remark that OpenAI's potential public offering might be an opportunity to mislead those who criticize him caught attention. However, right now, OpenAI is focused on growth rather than conducting an IPO.

In summary, OpenAI draws attention with its public statements while seeking guarantees that can only be provided by American taxpayers. The company's demands present a complex picture regarding its investments and financial sustainability.