Jul 15, 2026
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6 min read
OpenAI Filed an $852B S-1 After Losing $14B — and Still Claims It Can Reshape Silicon Valley
OpenAI's confidential S-1 filing reveals a company valued at $852 billion that has lost $14 billion — and proposes a governance structure in which a nonprofit board retains ultimate control over the world's most valuable AI company.
Ab
Abhinav Ramaswamy