Despite industry forecasts for a blockbuster resurgence in initial public offerings in the coming year, NYU Stern marketing professor and tech analyst Scott Galloway has issued a contrarian warning about the crown jewel of the AI boom. Speaking on a recent episode of Prof G Markets, Galloway suggested that OpenAI’s expected public listing, as reported by the Wall Street Journal, is far from a sure thing, citing eroding competitive advantages and a toxic shift in brand perception.
While discussing the potential for a record-breaking IPO market—headlined by rumored listings for SpaceX and OpenAI—Galloway offered a stark prediction regarding the ChatGPT creator. “I think OpenAI could get pulled,” Galloway stated, assigning a “nonzero probability” to the company withdrawing its IPO plans entirely. His skepticism stands in sharp contrast to reports that OpenAI is seeking additional funding at valuations as high as $830 billion.
