Tuesday, June 30, 2026
Technology

The vibes are off at OpenAI

OpenAI is in a relatively precarious position. The company is and has been a funding behemoth - just over a week ago, it closed $122 billion in funding at a post-money valuation of $852 billion. It's potentially planning for an IPO later this year. ChatGPT's longtime lead in consumer-facing AI led i...

The vibes are off at OpenAI
Image: The Verge

OpenAI is in a relatively precarious position. The company is and has been a funding behemoth - just over a week ago, it closed $122 billion in funding at a post-money valuation of $852 billion. It's potentially planning for an IPO later this year. ChatGPT's longtime lead in consumer-facing AI led it to name-brand status akin to "Kleenex" for tissues. But in recent months, a slew of executive reshufflings, discontinued projects, and other news has raised questions about how stable the company really is - and how long it may be able to stay on top.

OpenAI's current batch of public controversies started early in the year. At the end of Febru …

Read the full story at The Verge.

Originally published at The Verge

The Morning Briefing

Subscribe to our Newsletter

Be the first to receive the latest news, market analysis and updates — delivered straight to your inbox.