OpenAI上市前高管接连离职引发担忧，投资者关注公司治理稳定性
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Former Tether chief investment officer plans to sell part of his 1.26% stake.
According to Odaily Odaily, former Tether Chief Investment Officer Richard Heathcote plans to sell a portion of his Tether stake, currently holding approximately 1.26%. The report states that PJT Partners is handling the secondary equity sale and is currently in talks with potential buyers. (The Block)
Meta's Chief AI Officer Responds to Market Misunderstandings: Zuckerberg's Comments on Slowing AI Agent Development Did Not Specifically Refer to Meta
Odaily Odaily that in response to media reports that Meta CEO Mark Zuckerberg told employees in an internal meeting that AI agent development over the past four months had not "accelerated at the pace we expected," Meta Chief AI Officer Alexander Wang clarified that Zuckerberg was referring to the overall progress of the entire industry in intelligent agent capabilities, not Meta itself. He also revealed that Meta is about to release a new round of Muse Spark updates, which will significantly improve the programming capabilities and intelligent agent capabilities of models to more competitively compete with leading models in the industry, and will be gradually rolled out to Meta AI and the new API platform.
Analysis: Rumors of a delayed OpenAI IPO impacted market sentiment, causing US stock futures to fall, with technology and chip stocks leading the decline.
Odaily Odaily reports that U.S. stock futures fell across the board on Friday, led by the technology sector, as market concerns intensified regarding rising costs of AI infrastructure and a slowdown in funding. Nasdaq 100 futures fell 1.2%, S&P 500 futures fell 0.5%, and Dow Jones futures fell 67 points (-0.1%). Chip stocks generally weakened after reports that OpenAI was considering postponing its IPO to next year, citing increased volatility in AI-related stocks, unstable market sentiment, and even the weak performance of SpaceX after its IPO. JPMorgan's trading team noted that the news reinforced market concerns about the sustainability of AI infrastructure investment and could impact the pace of future capital market financing. Vital Knowledge analyst Adam Crisafulli also stated that the IPO delay may slow the overall expansion of AI infrastructure spending. In the chip sector, Philadelphia Semiconductor-related stocks came under pressure, with ON Semiconductor falling over 13% due to its acquisition of Synaptics. Micron Technology and SanDisk both fell by more than 5%. XLK, which tracks the technology sector, fell 1.6%, continuing its decline from the previous trading day. (CNBC)
Due to factors such as SpaceX's stock price fluctuations, OpenAI may postpone its IPO until 2027.
According to a report by The New York Times, sources familiar with the matter revealed that OpenAI is leaning towards postponing its IPO plans from later this year to 2027, influenced by the recent sharp drop in SpaceX's stock price after its IPO and the overall sluggish tech stock market. It is understood that OpenAI CEO Sam Altman is insisting on a valuation as high as $1 trillion and has rejected advisors' suggestions to "accept a lower valuation to expedite the IPO." Previously, OpenAI secretly filed its IPO application with the U.S. Securities and Exchange Commission (SEC) earlier this month, but did not specify a timeline. OpenAI's latest valuation is currently $852 billion, with revenue of approximately $13 billion and a net loss of $21 billion last year.
OpenAI may wait until next year to IPO.
According to a report by Odaily Odaily, citing three people involved in internal discussions at OpenAI, as cited by the New York Times, OpenAI is inclined to postpone its IPO until next year. Sources familiar with the matter revealed that OpenAI originally planned to IPO as early as the third or fourth quarter of this year. CEO Sam Altman urged financial advisors to find ways to increase the company's valuation to $1 trillion. However, recent developments have forced OpenAI executives to abandon their initial aggressive plans. The most notable example is the performance of SpaceX, Elon Musk's company, after its IPO this month. SpaceX's stock price has been declining recently, closing at $153 on Thursday, after reaching a high of $202 last week. Global markets have also experienced volatility in recent weeks, with tech stocks dragging down indices, and investors questioning whether AI companies can deliver on their overly ambitious promises. According to two sources, OpenAI advisors warned the company in communications over the past week that retail investors might not be very enthusiastic about the company's stock. (Jinshi)
OpenAI's pre-IPO financial structure has drawn attention: its asset-light financial statements may face scrutiny from the capital market.
According to Odaily Odaily, OpenAI's unique financial structure, as it prepares for its IPO, may face further scrutiny from investors and the market. Publicly disclosed financial data reveals OpenAI to be a low-debt software company. As of March 31, 2026, the company's balance sheet shows zero debt and less than $750 million in lease liabilities. Meanwhile, although OpenAI is one of the most hardware-independent technology companies, its cash flow statement shows that its capital expenditures for the quarter were only about $46 million. This "asset-light" financial performance contrasts with OpenAI's actual business model. Analysts believe that if OpenAI is to proceed with its IPO, investors will likely focus on assessing the asset structure behind its financial statements and how the company can maintain capital efficiency while rapidly expanding its AI infrastructure. (The Information)