Ed Elson

Now, that is somewhat concerning, but it raises a more concerning question, and that is, what will happen to the markets when OpenAI is publicly traded?

How will investors react when they are, say, required to report their revenue every quarter, or when they do have to tell us how much they actually plan to spend on compute over the next five years?

Will investors be more excited than they are right now, or less excited?

That is the trillion-dollar question, which will determine not only the value of this company, but also the value of many other companies, from Nvidia to Oracle to Microsoft.

Now, I don't know the answer to that question, but so far, each time we've gotten just a peek under the hood of OpenAI, such as this week, the reaction has been pretty negative.

And yet, despite the CFO's concerns, the plan is still for OpenAI to go public this year.

And when they do, investors won't just get to have a peek under the hood, they will conduct a full-scale examination of the company.

They will inspect the business and all of its flaws from every single angle.

So that will be a critical test for OpenAI.

But more importantly, it will also be a critical test for the rest of the stock market.

If OpenAI passes that test, then we are in the clear.

Markets will inevitably rip higher.

But if they fail that test, well, this week's events should make it quite clear.

The stock market as we know it today could start to come apart.

Okay, that's it for today.

This episode was produced by Claire Miller and Alison Weiss, edited by Joel Patterson and engineered by Benjamin Spencer.

Our video editor is Brad Williams.

Our research team is Dan Chalon, Isabella Kinsel, Kristen O'Donoghue, and Mia Silverio.

And our social producer is Jake McPherson.

Thank you for listening to Profiteer Markets from Profiteer Media.