Eager for an OpenAI or Anthropic IPO? Then Trump’s Fed pick is good news

Young AI startups looking to tap the public markets still won’t have an easy path, as they will need to prepare for more detailed financial disclosures at a time when both companies are burning cash, Greg Martin, managing director at Rainmaker Securities, told MarketWatch.

“They’ll have to manage their negative cash flow,” Martin said. OpenAI in particular “needs to clarify their specific position in the market, and have a better plan to get to a profitable position sooner.”…Read Full Article