$BTC #Emergency Update
bIG thing Coming ๐ฃ๐ฃ๐ฃ
1. #0penAI has not canceled its IPO, but the CFO says itโs โnot on the cards right now.
2. The IPO is delayed to 2027 at the earliest due to massive cash burn and missed revenue targets.
3. #OpenAI is prioritizing scaling operations over going public amid huge AI infrastructure costs.
4. #CEO Sam Altman also said he doesnโt want Wall Street pressure on the companyโs unusual structure.
5. For now, OpenAI is focused on funding and partnerships, not an IPO.
Also note
*BTC is crashing because 4.1% PCE inflation makes Fed rate cuts less likely, pushing risk assets lower
$NVDAB $BNB USNetCapitalInflowsHitRecord$884B#USPCEInflationHits4.1% #TaikoSaysL2IncidentNoUserFundLoss
bIG thing Coming ๐ฃ๐ฃ๐ฃ
1. #0penAI has not canceled its IPO, but the CFO says itโs โnot on the cards right now.
2. The IPO is delayed to 2027 at the earliest due to massive cash burn and missed revenue targets.
3. #OpenAI is prioritizing scaling operations over going public amid huge AI infrastructure costs.
4. #CEO Sam Altman also said he doesnโt want Wall Street pressure on the companyโs unusual structure.
5. For now, OpenAI is focused on funding and partnerships, not an IPO.
Also note
*BTC is crashing because 4.1% PCE inflation makes Fed rate cuts less likely, pushing risk assets lower
$NVDAB $BNB USNetCapitalInflowsHitRecord$884B#USPCEInflationHits4.1% #TaikoSaysL2IncidentNoUserFundLoss