Is OpenAI going to IPO in 2026 and have they created drama between Amazon and Microsoft?

Monty Full Money starts now.

Welcome to the Motley Full Money with the Hidden Gems team.

I'm Travis Hoy.

I'm joined today by Rachel Warren and Lou Whiteman.

Reports have surfaced this week that OpenAI is eliminating side projects,

like the browser that they kind of played around with a few months ago,

the video app in favor of

enterprise products that actually have some traction like codex. The growth at Anthropic has to be

one of the reasons, Lou, that they're thinking about this, but they're also, you know, if you're going

public in 2026, which is still the rumor that by the end of the year, they're going to be a public

company, you got to focus on what actually makes your numbers look good for public investors.

So is this the right move for them to kind of get rid of those side projects and just go,

hey, we're going to be an enterprise API company now?

I'll hedge a bit and say it is good to de-emphasize them. Okay. Because look, this is part of growing up. This is part of

going from just being a toy factory to an actual business capable making money, which is what you have

to do for an IPO. Side quests, as they call them, they're great if you have an established product.

You know, weekend hackathons at Google

come up with good stuff, but you need the established product. Even 3M, Travis, not to like,

you know, poor salt and wounds, but their famous 15% time. Which, by the way, was more marketing

than anything else. As someone who worked there and it was supposed to have 15% time.

And look at how they've turned out, right? So, you know, it does at the end of day, if you are a for-profit business to focus on the things that will make money to justify yourself, web browsers, video generators, even hardware devices, which, you know, they spent a lot of money. I'm curious if that memo hit Johnny Eve or if he's kind of exempted from that.

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