"Of course, these days, what conversation isn't an AI conversation? One question I've had recently: Will we see a trillion-dollar AI startup soon? The answer I got, both on the record and in casual conversations, was a resounding yes. Is that a good thing? I'm not sure. But one thing is clear: The AI boom is in full throttle, may get even faster, and for the foreseeable future, AI will still be conversation topic number one at tech conferences. (It will definitely be the case at our own Brainstorm AI in San Francisco, where I'll be Dec. 8-9. Come hang out!)"
"OpenAI's path to a potential IPO may have just got a little clearer. The AI company said last week that it has reached a preliminary agreement with major investor that could allow the startup to restructure and, eventually, go public. Both companies signed a non-binding memorandum outlining "the next phase" of their relationship, with a definitive agreement expected in the coming months. The announcement was light on details; financial small print was not disclosed, and the companies said they are still finalizing contractual terms. But the deal appears to address the structural and competitive friction that has complicated the relationship between OpenAI and its largest investor, paving the way for the $500 billion startup to convert its for-profit arm into a public benefit corporation (PBC)."
Brainstorm Tech 2025 featured conversations spanning music, defense tech, data privacy, and venture capital focused on AI. Conference attendees and interviewees indicated that AI dominates tech conversations and that a trillion-dollar AI startup seems likely. OpenAI reached a preliminary agreement with a major investor that could allow the company to restructure and eventually go public. The companies signed a non-binding memorandum describing the next phase of their relationship, with a definitive agreement expected in the coming months. The announcement omitted financial details but suggested the deal could resolve structural and competitive friction and enable conversion of the for-profit arm into a public benefit corporation (PBC).
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]