Prices are moving inference to highly profitable, oAI seems to have solved their training problems, and they're currently competing nicely with Anthropic on the coding side. I'd wait, too -- why fight this stuff out in public when you can …
I like Gaben's take on going public. This is a clip from a longer talk he gave which I think is really insightful into many aspects of the economics of software and company culture. https://www.youtube.com/watch?v=QvS-IwYFCP4
The time to go public was about 16 months ago. People are waking up to large bills now, Chinese models are nipping at their heels, public sentiment has turned, money is becoming more expensive. The market no longer cares about fundamentals…