OpenAI’s $1 Trillion IPO Gamble: Can It Win the AI Arms Race Against China?

OpenAI is preparing for a potential record-breaking $1 trillion IPO following a corporate restructuring that removed profit caps, making its for-profit arm, OpenAI Group PBC, more attractive to investors. This move is necessary as the company plans to spend $1.4 trillion on AI infrastructure over five years, projecting $20 billion in revenue by the end of 2025, despite reporting massive losses of $13.5 billion in the first half of 2025. The IPO is set against the backdrop of a global AI arms race, where Chinese competitors like DeepSeek are achieving comparable results with significantly lower costs, even outperforming OpenAI's ChatGPT-5 in recent autonomous trading tests. Furthermore, the article notes the growing synergy between AI and cryptocurrency, which offers the fast transaction speeds necessary for AI agents, and highlights significant energy consumption as a potential bottleneck for OpenAI's expansion plans.

(Source：Brave New Coin)