OpenAI's trillion-dollar exit strategy
๐4 min read
๐ฐ OpenAI Wants to Be Worth More Than Spain's GDP
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OpenAI is prepping for a $1 trillion IPO by 2026. That's not a typo. They just escaped Microsoft's clutches and turned Satya's $13B into $135B of paper gains.
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Sam Altman is speedrunning capitalism. From nonprofit to trillion-dollar megacorp in 10 years - the American Dream on steroids and Red Bull. (source)
๐ธ Microsoft Spent $35B on GPUs Last Quarter, Stock Goes Down
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Big Tech is hemorrhaging cash on AI infrastructure. Microsoft alone dropped $35B in three months. Investors are sweating harder than those data centers.
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Turns out you can't just YOLO billions into Nvidia chips and expect instant profits. Who could have predicted this? (source)
๐ Nvidia Hits $5 Trillion, Reality Leaves the Chat
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The GPU dealer hit a $5 trillion valuation. Apple and Microsoft hit $4T. The entire stock market is basically three companies in a trench coat.
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We're witnessing the greatest wealth concentration in history, and it's all because computers learned to draw hands wrong. (source)
โก Startup Claims It Can Run AI on Vibes Instead of Electricity
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Extropic unveiled "Thermodynamic Computing" - allegedly runs AI with "orders of magnitude less energy." Sure, and my laptop runs on hopes and dreams.
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If true, this solves AI's energy crisis. If false, it's another VC-funded perpetual motion machine. Place your bets. (source)
๐ซ U.S. Lawmaker: "Selling Nvidia Chips to China = Giving Iran Uranium"
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A Republican congressman compared selling Blackwell chips to China with nuclear proliferation. The hyperbole is strong with this one.
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AI chips are the new oil. Except instead of wars, we get export restrictions and strongly-worded tweets. (source)
โ๏ธ Grammarly Rebrands as "Superhuman," Immediately Confuses Everyone
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The grammar checker is now called Superhuman and wants to be your AI assistant everywhere. They also bought the email app with the same name. Brand consistency is dead.
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Every company wants to be your "AI everything" app. Soon your toaster will rebrand as an AGI. (source)
๐ต Universal Music Stops Suing AI, Starts Dating It
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UMG settled with AI music generator Udio. Now they're "collaborating on creative products." Stockholm syndrome, but for copyright holders.
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The music industry realized it's easier to take a cut than fight the future. Napster veterans are laughing somewhere. (source)
๐ฎ๐ณ Google Gives Away AI to 500 Million Indians
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Google bundled Gemini Pro free with Indian 5G plans. That's half a billion new users getting premium AI for nothing.
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The real AI war isn't in Silicon Valley - it's whoever captures the next billion users in emerging markets. (source)
โก Cursor's New AI Codes 4x Faster, Still Can't Center a Div
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Cursor launched "Composer," an AI that writes code at warp speed. Four times faster generation, same number of bugs probably.
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Developers can now be wrong faster than ever before. Productivity! (source)
๐จ Figma Buys AI Startup, Designers Prepare for Unemployment
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Figma acquired Weavy to generate images and videos with AI. Your mockups will soon mockup themselves.
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Design tools are becoming AI-first. Soon the only human job will be prompt engineer for prompt engineers. (source)
๐ "GEO" Is the New SEO (For Chatbots)
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A startup raised $6.5M to optimize websites for ChatGPT recommendations. They call it "Generative Engine Optimization." The grift evolves.
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We're literally teaching bots how to shill products to other bots. The dead internet theory is a business model now. (source)
๐ฆ Box CEO: "AI Won't Replace Apps, It'll Just Make Them Expensive"
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Aaron Levie says AI agents will work alongside traditional software, not replace it. Translation: you'll pay for both.
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The future of enterprise software is paying twice for the same functionality with extra steps. (source)
๐ต๏ธ AI Labs Are Paying Your Ex-Coworkers $200/Hour to Spill Trade Secrets
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Mercor connects AI companies with industry veterans who explain how businesses actually work. Corporate espionage, but make it a gig economy.
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Your company's moat is just one LinkedIn message away from becoming training data. (source)
๐ฅ Digg Founder Returns to Save Us from Dead Internet
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Kevin Rose is rebuilding Digg with "proof of human" verification. Because nothing says "2025" like needing blockchain to prove you're not a bot.
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Soon you'll need a blue checkmark just to prove you have a pulse. The bots have already won. (source)
๐ ElevenLabs CEO: "AI Voices Will Be Worthless Soon"
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The CEO of the leading AI audio company says the tech will be commoditized in two years. Bold strategy to tank your own valuation.
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Even AI CEOs know the hype bubble is temporary. The race to the bottom has a finish line. (source)
Until tomorrow (unless the bubble pops first),
Team Galaxy.ai
P.S. OpenAI going from nonprofit to trillion-dollar IPO is the greatest pivot since Facebook discovered your personal data was worth money.