OpenAI aims to secure $280 billion by 2030 but currently generates only $40 billion annually, falling behind rival Anthropic as it approaches an initial public offering (IPO). Over 500 data center projects have been blocked by local ordinances, and 70% of Americans oppose data centers in their vicinity, raising concerns about the overall adoption of AI technology.
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A failed IPO for OpenAI could lead to a devaluation of the entire AI sector, impacting major public companies that rely on inflated growth projections for their valuations. Delays in AI-related IPOs are evident across the industry. For instance, SoftBank, a key investor in AI projects, is paying unexpectedly high premiums on its debt as it raises $10 billion. Bloomberg reports that SoftBank faces interest rates between 8.75% and 9.875% on its debt, depending on maturity.
According to Goldman Sachs, AI debt funding reached $575 billion by 2026, but local laws continue to impede the construction of necessary infrastructure. A Gallup poll indicates significant public opposition to data centers, which could further hinder the expansion of AI capacity.
As OpenAI prepares for its anticipated IPO early next year, it faces numerous challenges, particularly if rival Anthropic encounters difficulties with its planned IPO in late 2026. Observers suggest that any setbacks in the market may further delay OpenAI's own offerings.