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橙子Joyce
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橙子Joyce

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Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year. A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos. So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.

Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.

OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year.
A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos.
So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.
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Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%. Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.

Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.

August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
橙子Joyce
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Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.
August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
橙子Joyce
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Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.
OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year.
A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos.
So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.
橙子Joyce
·
--
Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.
August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
橙子Joyce
·
--
Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.
OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year.
A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos.
So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.
橙子Joyce
·
--
Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.
August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
橙子Joyce
·
--
Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.
August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
橙子Joyce
·
--
Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.
OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year.
A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos.
So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.
橙子Joyce
·
--
Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.
August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
橙子Joyce
·
--
Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.
OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year.
A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos.
So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.
橙子Joyce
·
--
Growing Turmoil Inside OpenAI: Ongoing Reorganizations, Exhausted Employees, a Continuing Wave of Executive Departures, and a Quietly Delayed Listing Plan.
OpenAI has undergone nearly five rounds of reorganizations this year; the wave of executive departures continues. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded the safety team responsible for assessing the “catastrophic risk” of AI models, sparking internal concerns. Although revenue has risen to about $40 billion, it has already been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plan has been quietly pushed back to next year.
A company valued at $852 billion and rushing toward a trillion-dollar IPO is being held back by its own internal chaos.
So far this year, OpenAI has gone through nearly five organizational reorganizations. Executives have continued to leave, the safety team was disbanded, and employees are generally exhausted. Meanwhile, the IPO that was originally expected to be completed this year has quietly been postponed to next year.
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Bobbypk
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Bullish
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橙子Joyce
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Over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center.
August 16, the S&P 500’s second-quarter earnings year-over-year grew by 31%. This is the strongest pace since the recession-recovery period was excluded dating back to 1992, far exceeding the prior 23% expectation. The core driver comes from AI’s tangible boost to profit margins: net profit margin, which had long been stuck below the 14% range, rose to nearly 16%.
Nationwide Funds Group Chief Market Strategist Mark Hackett noted that over the past five years, AI has been a cost center for companies; this year, the turning point has arrived, and AI has begun to truly function as a profit center. Earnings growth has significantly outpaced the index’s rise, driving the S&P 500’s price-to-earnings (P/E) multiple from about 26 times at the start of the year down to below 22, completing a round of “valuation reset.” Citadel Securities’ Head of Strategy Scott Rubner said: “Right now, earnings are doing the heavy lifting, not valuation expansion.” JPMorgan Private Bank’s Global Investment Strategy Co-Head Grace Peters also said that double-digit earnings upward revisions during a non-recovery period are almost unprecedented.
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Look at next week's meeting.
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燕寶Melissa
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Bearish
🚨CZ addresses controversy over "self-custody is safer"—viewpoints take many by surprise!

Recently, a set of data has sparked heated discussion:
📊 About 1.57 million BTC lost due to self-custody 📊 About 1.51 million BTC lost on exchanges
Many people draw the conclusion from this: "Self-custody is more dangerous" or "Exchanges are more dangerous."

But CZ offers another perspective.
CZ believes:
✅ When exchanges are hacked, it usually becomes global news, so the data is easier to compile and analyze.
✅ With self-custody, losses due to lost private keys, mnemonic phrases, hard-drive failures, and similar issues often aren’t made public—so real figures may be far higher than the known numbers.
✅ At the same time, events involving some exchanges that later went bankrupt can also inflate the historical exchange data of lost coins.

More importantly:
For top exchanges like Binance, when a security incident occurs, they typically end up bearing the users’ asset losses. But with self-custody, once a private key is lost, it’s almost impossible to recover.
However, CZ didn’t say one method is absolutely safer than the other.
His view is actually more rational:
👉 There is no absolute safety—only asset-management approaches that fit you.
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CipherX 零号
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凯哥的进击
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Flash闪光灯
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Bullish
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