Fortune: The Big Questions OpenAI's Trillion-Dollar IPO Filing May Finally Answer
Fortune·medium signal
Fortune published a May 22 analysis of the key unknowns that OpenAI's upcoming IPO filing will need to address: actual revenue and margin figures, the cap table structure post-nonprofit conversion, compute cost trajectory, and competitive positioning against Anthropic's surprise profitability. The piece frames the filing as a transparency event that will resolve years of speculation about OpenAI's economics. For builders, the filing will reveal how sustainable current API pricing is.