I would bet on the second one being the primary motivator. They lost $13.5 billion in H1 2025 and are seeking $30 billion in the next round of funding.The platform is big and flashy, so even if it’s ultimately a bust it might look good for that round. If it does well then even better.Interesting wrinkle is they are making themselves a competitor of infrastructure partner Oracle, given its upcoming purchase of TikTok.
That’s what Altman seems to be claiming, yes.
I would bet on the second one being the primary motivator. They lost $13.5 billion in H1 2025 and are seeking $30 billion in the next round of funding.
The platform is big and flashy, so even if it’s ultimately a bust it might look good for that round. If it does well then even better.
Interesting wrinkle is they are making themselves a competitor of infrastructure partner Oracle, given its upcoming purchase of TikTok.
That’s what Altman seems to be claiming, yes.