Generative AI Lost Its Mojo? OpenAI May Delay IPO to Next Year
GaryMarcus · x · 2026-08-01
AI commentator Gary Marcus argues that generative AI is losing its market mojo, reiterating his comparison of OpenAI to WeWork.
Marcus highlights rumors that OpenAI is leaning toward delaying its IPO until next year. Sources suggest Altman's demand for a $1 trillion valuation met warnings from advisors that retail investors wouldn't buy in, while others question the firm's financial solidity. He suggests OpenAI's struggles are already dragging down other AI-pitched ventures like SpaceX, signaling a broader loss of market confidence.
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