Gate News update: On April 7, according to The Information, Sam Altman is accelerating the process of an OpenAI IPO, while also pledging to invest $600 billion in compute infrastructure. Notably, OpenAI insiders have privately warned that by 2030, the company’s cash burn will surge sharply.

Sam Altman was compared to SBF and Bernie Madoff in a New Yorker investigative piece, leading to a trust crisis as Worldcoin’s price fell 2.9%. Altman’s integrity has been called into question, affecting investor confidence. OpenAI governance issues have also added to market unease, so WLD holders need to closely monitor how events unfold.

OpenAI CEO Sam Altman said he hopes to complete an IPO in the fourth quarter of this year, but CFO Sarah Friar believes the company is not ready and expects it to be in a position by 2026. There are decision conflicts within internal management, and Altman has repeatedly excluded Friar from the process. The company plans to invest more than $600B in cloud servers, with financing mainly coming from Amazon and NVIDIA. At the same time, competition in the market is intensifying, and Anthropic has surpassed OpenAI. The company has already begun preparations for going public and has held preliminary discussions with multiple law firms and investment banks.

Former a16z crypto investor Sam Broner and friend Adam Zuckerman co-founded The Better Money Company, raising a $10 million seed round. The company will build a stablecoin clearinghouse, provide low-cost exchange services, and plans to support all tokens that comply with the Genius Act. The product is expected to launch within weeks.

The identity of FTX founder Sam Bankman-Fried’s bail guarantors has been made public. It includes former dean of Stanford Law School Larry Kramer and research scientist Andreas Paepcke, and the total bail amount is $250 million. SBF faces multiple fraud charges, and the case is still pending.

OpenAI CEO Sam Altman announced that the new flagship model Spud has completed pretraining and is expected to be released soon. The company is restructuring, with the AI safety team transferred to the Chief Research Officer, the information security team moved to a new department, and Altman focusing on fundraising and data center construction. The product department has been renamed to "AGI Deployment," and multiple features will be consolidated into a desktop "super app."

OpenAI CEO Sam Altman announced at an all-hands meeting that the next-generation model Spud has completed pre-training and is expected to significantly accelerate the economy. The AI safety and information security teams have been reorganized, executive responsibilities adjusted, and plans are underway to integrate ChatGPT and other products into a desktop "super app."

Sam Bankman-Fried's parents accepted a CNN interview, arguing that his conviction was unjust and claiming that FTX customer funds have been fully repaid. The FTX Recovery Trust will conduct a fourth distribution of approximately $2.2 billion. Despite the repayments, FTX creditor representatives stated they have not received full compensation, Joseph Bankman's actions contradicted the regulatory framework, and the family hopes Trump will lend a hand.

Gate News, on March 21, the Web3 identity solution World will host the "Lift Off" event in Los Angeles on April 17. OpenAI founder Sam Altman will attend as the host of the event.

New York State Congressman Alex Bores faced mail attacks from Think Big PAC during the Democratic primary, with accusations linking him to Sam Bankman-Fried's political network funding. Bores advocates for AI safety legislation while facing intense competition from other candidates in his campaign.