Sam Altman says OpenAI will not go public this year as AI fears grow

Archive link: archive.ph/U1zEK

www.sfchronicle.com/tech/article/openai-ipo-delay-altman-22430043.php

I don’t see how they’re going to meet their revenue projections when open models are largely turning LLMs into a free commodity. So far in 2026, we’ve gone from local LLMs being a toy to Qwen 3.8 27B giving the latest Sonnet 5 a run for its money. The OpenCode desktop app is also almost at parity with the Claude desktop app as well and I’ve heard Pi is pretty good too.

Now we are seeing techniques like a “phrase book” evolving to allowing a large portion of a huge model to reside on a SSD instead of in RAM / VRAM so that Opus-class models can run on a gaming PC. For example, this video is nuts: m.youtube.com/watch?v=IH8XmxiwliQ

OpenAI and Anthropic know they’re cooked, so that’s why they’re talking all this nonsense trying to keep the shell game going a while longer. 🍿

I’m so glad an at home competitive solution to the AI fuckery is here now. I hope this fast forwards the bubble bursting and pc prices go back down when an iPhone or Android phone can run an equally good AI on the device itself.

Maybe not a mobile device, but running decent local models is definitely within reach for the average consumer today by simply adding a GPU with lots of VRAM to their existing PC.