OpenAI's valuation premium is still quite high.
COMMUNITY DISCUSSIONS
What people are saying about OpenAI.
First-hand observations, questions, and independent opinions from the PreIPO Review community.
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It feels like even if OpenAI goes public, it still won't be able to beat Anthropic. That company is just too formidable.
Just secured new funding from Amazon
We used ChatGPT for critical business and European Parliament work, and OpenAI permanently deactivated our account without warning, wiping our entire history; appeals only got a generic "final decision" template, so we're now pursuing legal action and a GDPR complaint.
I noticed the WSJ reported OpenAI quietly missed several internal targets, including 1 billion weekly active users by end of 2025; only about 5% of ChatGPT's weekly users actually pay, meaning the other 95% cost real compute money on every query — I find that revenue structure pretty fragile.
I've seen show $14B in losses for 2026 alone.
At $852B against ~$2B monthly revenue, that's roughly a 35x annualized revenue multiple, and the real debate is whether it already prices in too much future success.
GPT-5.5 stays competitive on benchmarks, Codex compounds in the developer market, the ads pilot scales into billions in revenue, and the April Microsoft amendment plus multi-cloud access improve unit economics enough for enterprise to reach parity with consumer by year-end.
ChatGPT has massive consumer distribution, growing enterprise adoption, developers building on the API, and AI agents could expand the market far beyond chatbots.
If inference costs fall fast enough, the margin story reverses.
It is efficient, polite, and motivating, making everyday tasks and to-do items easy to handle. Its image generation capabilities are also excellent, consistently producing high-quality images. I give this AI a perfect score of 10 and am very grateful to OpenAI for creating this tool.
As a daily ChatGPT Plus user, Canvas was one of the most valuable tools for me — I relied on it for organizing longer writing, and I'm genuinely disappointed it's been scaled back.
I've always used 4o for creative writing, character development, and everyday conversations, and it consistently worked very well. But after switching to 5.2, it’s a completely different experience—the output is very poor, and I absolutely cannot accept them forcing users to abandon 4o.
I'm a paying ChatGPT Plus customer and I cannot believe OpenAI doesn't email invoices.
When OpenAI goes public?