{"id":6584,"date":"2026-04-05T21:28:06","date_gmt":"2026-04-05T12:28:06","guid":{"rendered":"https:\/\/ikuoch.com\/blog\/?p=6584"},"modified":"2026-04-06T10:02:14","modified_gmt":"2026-04-06T01:02:14","slug":"openai-%e3%81%aeipo%e3%81%af%e4%bd%95%e3%82%92%e7%89%a9%e8%aa%9e%e3%81%a3%e3%81%a6%e3%81%84%e3%82%8b%e3%81%ae%e3%81%8b%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/ikuoch.com\/blog\/2026\/04\/05\/openai-%e3%81%aeipo%e3%81%af%e4%bd%95%e3%82%92%e7%89%a9%e8%aa%9e%e3%81%a3%e3%81%a6%e3%81%84%e3%82%8b%e3%81%ae%e3%81%8b%ef%bc%9f\/","title":{"rendered":"OpenAI \u306eIPO\u306f\u4f55\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u306e\u304b\uff1f"},"content":{"rendered":"\n<p>\u50d5\u304c\u7269\u5fc3\u3064\u3044\u305f\u9803\u3001\u30c6\u30ec\u30d3\u306f\u3061\u3087\u3046\u3069\u300c\u767d\u9ed2\u300d\u304b\u3089\u300c\u30ab\u30e9\u30fc\u30c6\u30ec\u30d3\u300d\u306b\u79fb\u884c\u3059\u308b\u6642\u671f\u3060\u3063\u305f\u3002\u50d5\u304c\u65e5\u9803\u304b\u3089\u63a5\u3057\u3066\u3044\u308b<strong><a href=\"https:\/\/emc.musashino-u.ac.jp\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">\u6b66\u8535\u91ce\u5927\u5b66\u30a2\u30f3\u30c8\u30ec\u30d7\u30ec\u30ca\u30fc\u5b66\u90e8\uff08\u901a\u79f0\uff1a\u6b66\u8535\u91ceEMC\uff1dEntrepreneurship Musashino Campus\uff09<\/a><\/strong>\u306e\u5b66\u751f\u305f\u3061\u306b\u3053\u3093\u306a\u8a71\u3092\u3059\u308b\u3068\u3001\u300c\u5e73\u77f3\u3055\u3093\u3001\u3044\u3064\u306e\u6642\u4ee3\u306b\u751f\u307e\u308c\u305f\u3093\u3067\u3059\u304b\uff1f\u300d\u3068\u3044\u3046\u8cea\u554f\u304c\u98db\u3093\u3067\u6765\u305d\u3046\u3060\u3002<\/p>\n\n\n\n<p>\u662d\u548c\u306b\u751f\u307e\u308c\u305f\u50d5\u306b\u3068\u3063\u3066\u3001\u7956\u7236\u306f\u300c\u660e\u6cbb\u300d\u751f\u307e\u308c\u3067\u3001\u6642\u4ee3\u304c\uff12\u3064\u524d\u3060\u3063\u305f\u3002\u4ee4\u548c\u751f\u307e\u308c\u3067\u306f\u306a\u3044\u306b\u3057\u3066\u3082\u3001\u73fe\u5728\u300118-23\u6b73\u3050\u3089\u3044\u306e\u82e5\u8005\u306b\u3068\u3063\u3066\u3001\u300c\u662d\u548c\u300d\u306f\u53e4\uff08\u3044\u306b\u3057\u3048\uff09\u306e\u6642\u4ee3\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3068\u3053\u308d\u3067\u3001\u4eba\u53e3\u6e1b\u3001\u4eba\u624b\u4e0d\u8db3\u306b\u60a9\u307e\u3055\u308c\u3066\u3044\u308b\u65e5\u672c\u3067\u306f\u3001\u300c<strong>AI = \u4eba\u9593\u306e\u4ed5\u4e8b\u3092\u596a\u3046<\/strong>\u300d\u3068\u3044\u3046\u60b2\u89b3\u7684\u306a\u30ca\u30e9\u30c6\u30a3\u30d6\u3088\u308a\u3082\u3001\u300c<strong>AI \uff1d \u751f\u7523\u6027\u306e\u5287\u7684\u306a\u5411\u4e0a<\/strong>\u300d\u3068\u3044\u3046\u30ca\u30e9\u30c6\u30a3\u30d6\u306e\u65b9\u304c\u58f0\u304c\u5927\u304d\u3044\u3088\u3046\u306a\u6c17\u304c\u3059\u308b\u3002\u5c11\u306a\u304f\u3068\u3082\u50d5\u306e\u5468\u56f2\u3067\u306f\u3001AI \u8105\u5a01\u8ad6\u3092\u5531\u3048\u308b\u4eba\u306f\u3042\u307e\u308a\u898b\u304b\u3051\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3068\u3053\u308d\u304c\u610f\u5916\u306b\u3082<strong>\u300cAI \u5148\u9032\u56fd\u306e\u30a2\u30e1\u30ea\u30ab\u300d\u3067\u306f\u3001\u300cAI \u8105\u5a01\u8ad6\u300d\u304c\u5e45\u3092\u5229\u304b\u305b\u3066\u3044\u308b\u3089\u3057\u3044\u3002<\/strong>\u4f8b\u3048\u3070\u3001\u4eca\u5e74\uff13\u670827\u65e5\uff08\u4f55\u3068\u3001\u50d5\u304c\u4eba\u751f\u3067\u6700\u521d\u306e\u4f1a\u793e\u3092\u8a2d\u7acb\u3057\u305f\u65e5\u3060\uff01\uff09\u306b\u300c<strong><a href=\"https:\/\/www.youtube.com\/watch?v=xkPbV3IRe4Y\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">The AI Doc: Or How I Became an Apocaloptimist\uff08AI\u30c9\u30af\u30bf\u30fc\uff1a\u3042\u308b\u3044\u306f\u79c1\u304c\u7d42\u672b\u8ad6\u7684\u697d\u89b3\u4e3b\u7fa9\u8005\u306b\u306a\u3063\u305f\u7d4c\u7def\uff09<\/a><\/strong>\u300d\u3068\u3044\u3046<strong>\u6620\u753b<\/strong>\u304c\u516c\u958b\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u826f\u3044\u30cb\u30e5\u30fc\u30b9\u306f\u30d3\u30b8\u30cd\u30b9\u306b\u306a\u3089\u306a\u3044\u304c\uff08\u8996\u8074\u7387\u3092\u7a3c\u3052\u306a\u3044\uff09\u3001<strong>\u60b2\u89b3\u7684\u306a\u30cb\u30e5\u30fc\u30b9\u306f\u300c\u30ab\u30cd\u300d\u306b\u306a\u308b<\/strong>\u3068\u3044\u3046\u3002\u305d\u3046\u3044\u3046\u3053\u3068\u306a\u306e\u3060\u308d\u3046\u3002\u3053\u308c\u304c\uff11\u3064\u76ee\u306e\u30ca\u30e9\u30c6\u30a3\u30d6\u3060\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman-1024x574.png\" alt=\"\" class=\"wp-image-6601\" srcset=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman-1024x574.png 1024w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman-300x168.png 300w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman-768x431.png 768w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman-1536x861.png 1536w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman-1140x639.png 1140w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Sam-Altman.png 1862w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image: Sam Altman from YouTube<\/figcaption><\/figure>\n\n\n\n<p>\uff12\u3064\u76ee\u306e\u30ca\u30e9\u30c6\u30a3\u30d6\u306e\u300c\u4e3b\u5c0e\u8005\u300d\u306f\u300c\u4f01\u696d\u300d\u3067\u3042\u308b\u3002<strong>\u5177\u4f53\u7684\u306b\u306f\u3001OpenAI\u3060\u3002<\/strong><\/p>\n\n\n\n<p><strong>OpenAI<\/strong> \u306f\u3001<strong>\u4eca\u5e74\u4e2d\u306b\u3082IPO\u3092\u3059\u308b<\/strong>\u3068\u8a00\u308f\u308c\u3066\u3044\u308b\u3053\u3068\u306f\u3054\u5b58\u3058\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3054\u5b58\u3058\u306e\u65b9\u3082\u591a\u3044\u3060\u308d\u3046\u304c\u3001<a href=\"https:\/\/www.jiji.com\/jc\/article?k=2026040300777&amp;g=int\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">OpenAI \u306f\u4eca\u9031\u3001\u300c\uff11\u65e57\u4e07\u4eba\u306e\u8996\u8074\u8005\u300d\u3092\u6301\u3064\u30c6\u30c3\u30af\u756a\u7d44\u300cTBPN\u300d\u3092\u8cb7\u53ce<\/a>\u3057\u305f\u3002\u3053\u306e\u756a\u7d44\u306f\u3001OpenAI\u306e\u300c<strong>Chief Political Operative\uff08\u653f\u754c\u5de5\u4f5c\u306e\u4e2d\u5fc3\u4eba\u7269\uff09<\/strong>\u300d\u3067\u3042\u308a\u3001<strong>\u4eee\u60f3\u901a\u8ca8\u30b9\u30fc\u30d1\u30fcPAC\uff1a\u30a2\u30e1\u30ea\u30ab\u306e\u9078\u6319\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u305f\u3081\u306e\u8cc7\u91d1\u30d7\u30fc\u30eb\uff08\u653f\u6cbb\u56e3\u4f53\uff09\u300cFairshake\u300d<\/strong>\u3092\u5275\u8a2d\u3057\u305f\u300c<strong><a href=\"https:\/\/www.linkedin.com\/in\/chris-lehane-2562535\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">Chris Lehane<\/a>\uff08\u30af\u30ea\u30b9\u30fb\u30ec\u30cf\u30cd\u6c0f\uff09<\/strong>\u300d\u306e<strong>\u300c\u6226\u7565\u300d\u90e8\u9580\u306e\u7ba1\u8f44\u4e0b<\/strong>\u306b\u7f6e\u304b\u308c\u3001\u5e83\u5831\u90e8\u9580\u306e\u7ba1\u8f44\u4e0b\u306b\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306e\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u9ece\u660e\u671f\u304b\u3089\u73fe\u5728\u307e\u3067\u3092\u898b\u7d9a\u3051\u3066\u304d\u305f\u30c6\u30c3\u30af\u30b8\u30e3\u30fc\u30ca\u30ea\u30b9\u30c8\u517c\u6295\u8cc7\u5bb6\u306e\u300c<strong>Om Malik\u6c0f<\/strong>\u300d\u306f\u300c<strong>You don\u2019t put an editorially independent media property under your political operative.<\/strong>\uff08\u7de8\u96c6\u4e0a\u306e\u72ec\u7acb\u6027\u3092\u6301\u3064\u30e1\u30c7\u30a3\u30a2\u3092\u3001\u653f\u6cbb\u5de5\u4f5c\u54e1\u306e\u7ba1\u8f44\u4e0b\u306b\u7f6e\u304f\u3079\u304d\u3067\u306f\u306a\u3044\u3002\uff09\u300d\u3068\u6279\u5224\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u3067\u306f\u3001OpenAI \u306f\u4f55\u6545\u3001\u3053\u306e\u6642\u671f\u306bTBPN\u3092\u8cb7\u53ce\u3057\u305f\u306e\u304b\uff1f<\/strong>\u3000<\/p>\n\n\n\n<p>\u540c\u793e\u306f\u4eca\u5e74\uff13\u670831\u65e5\u3001<strong>US$852B<\/strong>\uff08Post-Money Valuation. 160\u5186\/\u30c9\u30eb\u63db\u7b97\u3067<strong>\u7d04136\u5146\u5186<\/strong>\uff09\u306e<strong>\u8a55\u4fa1\u984d<\/strong>\u3067\u3001<strong>US$122B\uff08\u540c\u7d0419.5\u5146\u5186\uff09\u3092\u8abf\u9054<\/strong>\u3002<strong><a href=\"https:\/\/www.aboutamazon.com\/news\/aws\/amazon-open-ai-strategic-partnership-investment?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">Amazon<\/a><\/strong>\u306f\u3001OpenAI \u306b\u5bfe\u3057\u3066\u3001\u6700\u5927$50B\uff08$15B + \u6761\u4ef6\u4ed8\u304d$35B\uff09\u3092\u6295\u8cc7\u3057\u3001<strong><a href=\"https:\/\/openai.com\/ja-JP\/index\/amazon-partnership\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">OpenAI<\/a> <\/strong>\u304b\u3089\u306f\u3001AWS\u3068\u306e\u5de8\u5927\u306a\u30af\u30e9\u30a6\u30c9\u5951\u7d04\uff08\u301c$100B\uff09\u304c\u767a\u8868\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u66f4\u306b\u8208\u5473\u6df1\u3044\u306e\u306f\u3001<strong>ARK Investment \u306eETF\u306b\u300cOpenAI \u682a\u300d<\/strong>\u304c\u7d44\u307f\u5165\u308c\u3089\u308c\u3001<strong>\u500b\u4eba\u6295\u8cc7\u5bb6<\/strong>\u304c<strong>ETF<\/strong>\u3092\u901a\u3058\u3066<strong>OpenAI \u682a<\/strong>\u3092<strong>\u9593\u63a5\u7684\u306b\u4fdd\u6709\u53ef\u80fd\u306b\u306a\u3063\u305f<\/strong>\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u91d1\u878d\u696d\u754c\u306e\u65b9\u3084ETF\u306b\u6295\u8cc7\u3057\u3066\u3044\u308b\u65b9\u3005\u306b\u306f\u8aac\u660e\u306f\u4e0d\u8981\u3060\u308d\u3046\u304c\u3001<strong>ETF\u306f\u901a\u5e38\u3001\u4e0a\u5834\u682a\u306e\u307f\u306b\u6295\u8cc7\u3059\u308b\u3002<\/strong>\u6ce8\u76ee\u3055\u308c\u308b\u306e\u306f\u3001<strong>ARK Investment<\/strong>\u306f\u3001<strong>OpenAI \u3068\u3044\u3046\u4e16\u754c\u7684\u306b\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u308b\u5de8\u5927\u672a\u516c\u958b\u4f01\u696d\u306e\u682a\u5f0f\u3092ETF\u306b\u7d44\u307f\u5165\u308c\u305f\u3053\u3068\u3060<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"379\" src=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/OpenAI-Structure-1024x379.png\" alt=\"\" class=\"wp-image-6604\" srcset=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/OpenAI-Structure-1024x379.png 1024w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/OpenAI-Structure-300x111.png 300w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/OpenAI-Structure-768x284.png 768w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/OpenAI-Structure-1140x422.png 1140w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/OpenAI-Structure.png 1486w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image: prompted by myself, and created by Manus<\/figcaption><\/figure>\n\n\n\n<p><strong>OpenAI \u306f\u672a\u516c\u958b\u306e\u4f01\u696d\u3067\u3042\u308a\u3001\u304a\u30ab\u30cd\u304c\u3042\u308c\u3070\u8ab0\u3067\u3082\u6295\u8cc7\u3067\u304d\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002<\/strong>OpenAI \u306f\u300c<strong>OpenAI Foundation\uff08\u975e\u55b6\u5229\u8ca1\u56e3\uff09<\/strong>\u300d\u306e\u5098\u4e0b\u306b\u300c<strong>OpenAI Group PBC (Public Benefit Corporation\uff09<\/strong>\u300d\u304c\u3042\u308a\u3001<strong>ChatGPT\u7b49\u306e\u4e8b\u696d\u306fOpenAI Group PBC\u304c\u884c\u3063\u3066\u3044\u308b\u3002<\/strong><\/p>\n\n\n\n<p><strong>OpenAI Group PBC\u306e\u682a\u5f0f\u306e\u58f2\u8cb7\u306b\u306f\u3001\u53d6\u7de0\u5f79\u4f1a\u306e\u627f\u8a8d\u304c\u5fc5\u8981\u3067\u3042\u308b\u3002<\/strong>\u307e\u305f\u3001OpenAI\u7b49\u306e\u6709\u671b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306b\u6295\u8cc7\u3057\u3066\u3044\u308bVC\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u6295\u8cc7\u306f\u300c<strong>Accredited Investor\uff08\u9069\u683c\u6295\u8cc7\u5bb6\uff09<\/strong>\u300d\u306b\u3057\u304b\u8a31\u3055\u308c\u3066\u304a\u3089\u305a\u3001\u4e00\u822c\u7684\u306aRetail Investor\uff08\u500b\u4eba\u6295\u8cc7\u5bb6\uff09\u306f\u3001\u5275\u696d\u8005\u3068\u500b\u4eba\u7684\u306a\u7e4b\u304c\u308a\u304c\u3042\u308a\u3001\u5275\u696d\u6642\u306b\u6295\u8cc7\u3067\u304d\u308b\u306a\u3069\u306e\u6975\u3081\u3066\u9650\u5b9a\u3055\u308c\u305f\u4f8b\u3092\u9664\u304d\u3001OpenAI, Anthropic, SpeceX\u7b49\u306e\u8d85\u6709\u671b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306b\u6295\u8cc7\u3059\u308b\u3053\u3068\u306f\u4e0d\u53ef\u80fd\u306b\u8fd1\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Cathie-Wood_01-1024x683.webp\" alt=\"\" class=\"wp-image-6602\" srcset=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Cathie-Wood_01-1024x683.webp 1024w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Cathie-Wood_01-300x200.webp 300w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Cathie-Wood_01-768x512.webp 768w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Cathie-Wood_01.webp 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image: Cathie Wood by Google<\/figcaption><\/figure>\n\n\n\n<p>\u305d\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u3066\u3044\u308b\u306e\u304c <strong><a href=\"https:\/\/en.wikipedia.org\/wiki\/Cathie_Wood\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">Cathie Wood<\/a><\/strong> \u7387\u3044\u308b<strong><a href=\"https:\/\/www.ark-invest.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">ARK Investment<\/a><\/strong>\u7b49\u3067\u3042\u308a\u3001\u300c<strong>\u500b\u4eba\u6295\u8cc7\u5bb6\u306bOpenAI\u7b49\u3001\u5c06\u6765\u6709\u671b\u306a\u672a\u4e0a\u5834\u30c6\u30c3\u30af\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u30ca\u30e9\u30c6\u30a3\u30d6\u3092\u5c4a\u3051\u308b\u5f79\u5272\uff08\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u9700\u8981\u5275\u9020\uff09<\/strong>\u300d\u3092\u62c5\u3063\u3066\u3044\u308b<strong>\u3002<\/strong><\/p>\n\n\n\n<p>\u3082\u3046\u3072\u3068\u3064\u4ed8\u3051\u52a0\u3048\u308b\u306a\u3089\u3001<strong>OpenAI \u306f\u3001\u5de8\u5927\u9280\u884c\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u304b\u3089\u300c\u7d04US$4.7B\uff08\u540c7,520\u5104\u5186\uff09\u300d\u306e\u878d\u8cc7\u67a0\uff08\u73fe\u6642\u70b9\u3067\u306f\u672a\u4f7f\u7528\uff09\u3092\u53d6\u308a\u4ed8\u3051\u3066\u3044\u308b<\/strong>\u3053\u3068\u3092\u6319\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u300cChatGPT\u300d\u306b\u3088\u308b\u3068\u3001\u305d\u306e\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u306b\u306f\u3001JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley\u7b49\u306e\u7c73\u6295\u8cc7\u9280\u884c\u306b\u52a0\u3048\u3066\u3001<strong>SMBC\uff08\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff09<\/strong>\u3082\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u306b\u52a0\u308f\u3063\u3066\u3044\u308b\u3089\u3057\u3044\u3002SMBC\u3082\u305d\u3046\u306a\u306e\u304b\u306f\u77e5\u3089\u306a\u3044\u304c\u3001\u4e0a\u8a18\u306e\u6295\u8cc7\u9280\u884c\u306f\u3001OpenAI \u306eIPO\u4e3b\u5e79\u4e8b\u5019\u88dc\u3060\u308d\u3046\u3002<strong>IPO\u6642\u306e\u5e79\u4e8b\u56e3\u306b\u5165\u308b\u305f\u3081\u306e\u30a8\u30f3\u30c8\u30ea\u30fc\u30c1\u30b1\u30c3\u30c8<\/strong>\u3060\u3002<\/p>\n\n\n\n<p><strong>\u3053\u308c\u3089\u306e\u52d5\u304d\u306f\u305d\u308c\u305e\u308c\u72ec\u7acb\u3057\u305f\u3082\u306e\u3067\u306f\u306a\u304f<\/strong>\u3001Om Malik\u6c0f\u304c\u300c<a href=\"https:\/\/om.co\/2026\/02\/02\/openai-and-the-announcement-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">The New Announcement Economy<\/a>\u300d\u3068\u3044\u3046\u30d6\u30ed\u30b0\u3067\u8a00\u53ca\u3057\u3066\u3044\u308b\u3068\u304a\u308a\u3001\u300c<strong>distributing the story<\/strong>\u300d\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>Sam Altman<\/strong> \u306b\u3088\u308b\u3001<strong>IPO\u306b\u5411\u3051\u3066\u306e\u7528\u610f\u5468\u5230\u306a<\/strong>\u300c<strong>\u9700\u8981\u5275\u51fa\u6226\u7565<\/strong>\u300d\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u6700\u5f8c\u3001\uff13\u3064\u76ee\u306e\u30ca\u30e9\u30c6\u30a3\u30d6\u306f\uff12\u3064\u76ee\u306e\u5f8c\u534a\u3067\u8a00\u53ca\u3057\u305f\u3068\u304a\u308a\u3001\u300c<strong>\u91d1\u878d\u6a5f\u95a2<\/strong>\u300d\u304c\u300c<strong>\u500b\u4eba\u6295\u8cc7\u5bb6<\/strong>\u300d\u306b\u58f2\u308a\u8fbc\u3093\u3067\u3044\u308b\u300c<strong>\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u5e02\u5834\uff08\u672a\u516c\u958b\u5e02\u5834\uff09\u300d\u3078\u306e\u300c\u30a2\u30af\u30bb\u30b9\u6a29<\/strong>\u300d\u3060\u3002<\/p>\n\n\n\n<p><strong>Fundrise<\/strong>\uff08\u30d5\u30a1\u30f3\u30c9\u30e9\u30a4\u30ba\uff09\u3068\u3044\u3046\u30012012\u5e74\u306b\u30ef\u30b7\u30f3\u30c8\u30f3D.C.\u3067\u8a2d\u7acb\u3055\u308c\u305f\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u4f01\u696d\u304c\u3042\u308b\u3002\u540c\u793e\u306f\u3001<strong>\u300c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3060\u3051\u304c\u53c2\u52a0\u3067\u304d\u3066\u304d\u305f\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30a2\u30bb\u30c3\u30c8\uff08\u672a\u516c\u958b\u8cc7\u7523\uff09\u3078\u306e\u6295\u8cc7\u3092\u3001\u4e00\u822c\u500b\u4eba\u306b\u3082\u958b\u653e\u3059\u308b\u300d<\/strong> \u3053\u3068\u3092\u30df\u30c3\u30b7\u30e7\u30f3\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306e\u6838\u5fc3\u306f\u300c\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u5e02\u5834\u306e\u6c11\u4e3b\u5316\u300d\u3068\u300c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u300d\u306e\u7d44\u307f\u5408\u308f\u305b<\/strong>\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e0a\u8ff0\u306e\u3068\u304a\u308a\u3001VC\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u6295\u8cc7\u306f\u300c\u9069\u683c\u6295\u8cc7\u5bb6\u300d\u306b\u9650\u5b9a\u3055\u308c\u3066\u3044\u308b\u304c\u3001Fundrise \u306f\u3053\u308c\u3092\u30a2\u30d7\u30ea\u3068\u30a6\u30a7\u30d6\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067 $10\uff08\u7d041,500\u5186\uff09\u304b\u3089\u6295\u8cc7\u3067\u304d\u308b\u5f62\u306b\u5909\u3048\u3001\u5e74\u9593\u7ba1\u7406\u624b\u6570\u6599\uff081.85%\uff09\u3092\u4e3b\u306a\u53ce\u76ca\u6e90\u3068\u3059\u308b\u30e2\u30c7\u30eb\u3092\u69cb\u7bc9\u3057\u3066\u3044\u308b\u3002\u30ad\u30e3\u30ea\u30fc\u30c9\u30a4\u30f3\u30bf\u30ec\u30b9\u30c8\uff08\u6210\u529f\u5831\u916c\uff09\u3092\u53d6\u3089\u306a\u3044\u70b9\u3082\u7279\u5fb4\u3060\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"581\" src=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei-1024x581.png\" alt=\"\" class=\"wp-image-6603\" srcset=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei-1024x581.png 1024w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei-300x170.png 300w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei-768x436.png 768w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei-1536x872.png 1536w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei-1140x647.png 1140w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/Dario-Amodei.png 1850w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image: Dario Amodei from YouTube<\/figcaption><\/figure>\n\n\n\n<p><strong>Fundrise \u306f2022\u5e747\u6708\u3001\u300cInnovation Fund\u300d\u3092\u8a2d\u7acb\u3057\u30012026\u5e743\u670819\u65e5\u3001 NYSE \u306b\u4e0a\u5834\u3055\u305b\u305f\u3002OpenAI\u3001Anthropic\u3001SpaceX\u3001Databricks<\/strong> \u3068\u3044\u3063\u305f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3084VC\u3057\u304b\u30a2\u30af\u30bb\u30b9\u3067\u304d\u306a\u3044\u672a\u4e0a\u5834\u306e\u30c8\u30c3\u30d7\u30c6\u30c3\u30af\u4f01\u696d\u306e\u682a\u5f0f\u3092\u3001NYSE \u4e0a\u5834\u306e\u9589\u9396\u578b\u30d5\u30a1\u30f3\u30c9\uff08Closed-End Fund\uff09\u3068\u3044\u3046\u5f62\u3067\u3001<strong>\u4e00\u822c\u500b\u4eba\u304c\u58f2\u8cb7\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u305f\u3082\u306e\u3067\u3042\u308b\u3002<\/strong><\/p>\n\n\n\n<p>\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\u306f\u300c<strong>VCX<\/strong>\u300d\u3002\u30b3\u30f3\u30bb\u30d7\u30c8\u306f\u300c<strong>The public ticker for private tech<\/strong>\u300d\u3002<\/p>\n\n\n\n<p>VCX\u306f\u4e0a\u5834\u5f8c\uff13\u65e5\u9593\u3067\u3001<strong>\u6642\u4fa1\u7dcf\u984d\u304c\u7d0430\u500d\u306b\u6025\u9a30\u3057\u305f\u3002<\/strong>\u4e0a\u5834\u76f4\u5f8c\u304b\u3089\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u71b1\u72c2\u7684\u306a\u8cb7\u3044\u304c\u5165\u308a\u3001\u308f\u305a\u304b\uff17\u55b6\u696d\u65e5\u3067\u30c6\u30a3\u30c3\u30ab\u30fc\u4fa1\u683c\u306f <strong>$575<\/strong> \u306b\u9054\u3057\u305f\uff08\u4e0a\u5834\u6642\u6bd4 +1,840%\uff09\u3002\u3057\u304b\u3057\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u7d14\u8cc7\u7523\u4fa1\u5024\uff08NAV\uff09\u306f <strong>$18.26\/\u682a<\/strong> \u306b\u904e\u304e\u305a\u3001<strong>\u682a\u4fa1\u306fNAV\u306e\u7d0431\u500d<\/strong> \u3068\u3044\u3046\u3042\u308a\u5f97\u306a\u3044\u4e56\u96e2\u304c\u751f\u3058\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5f8c\u3001\u30b7\u30e7\u30fc\u30c8\u30bb\u30e9\u30fc\u306e Citron Research \u304c\u300c<strong>93%\u306e\u4e0b\u843d\u30ea\u30b9\u30af\u304c\u3042\u308b<\/strong>\u300d\u3068\u3059\u308b\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u8868\u3057\u3001<strong>\u682a\u4fa1\u306f\uff11\u65e5\u306745%\u6025\u843d\uff08$262\uff09<\/strong>\u3002\u73fe\u5728\u306f $113\u301c130 \u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001<strong>\u305d\u308c\u3067\u3082 NAV \u306e\u7d046\u301c7\u500d\u3068\u3044\u3046\u9ad8\u3044\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u3064\u3044\u305f\u307e\u307e\u3060\u3002<\/strong><\/p>\n\n\n\n<p>\u305d\u306e\u7406\u7531\u306f\u30c6\u30af\u30cb\u30ab\u30eb\u306b\u306f\u3001\u8272\u3005\u3068\u8aac\u660e\u3067\u304d\u308b\u3002\u4f8b\u3048\u3070\u3001<strong>VCX \u306f<\/strong>\u300c<strong>\u9589\u9396\u578b\u30d5\u30a1\u30f3\u30c9\uff08Closed-End Fund\uff09<\/strong>\u300d\u3068\u3044\u3046\u69cb\u9020\u3092\u6301\u3063\u3066\u304a\u308a\u3001\u901a\u5e38\u306eETF\u3068\u7570\u306a\u308a\u3001<strong>\u30d5\u30a1\u30f3\u30c9\u306e\u53e3\u6570\uff08\u30b7\u30a7\u30a2\u6570\uff09\u304c\u56fa\u5b9a\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u9700\u8981\u304c\u5897\u3048\u3066\u3082\u65b0\u682a\u3092\u767a\u884c\u3057\u3066\u4fa1\u683c\u3092 NAV \u306b\u623b\u3059\u88c1\u5b9a\u6a5f\u80fd\u304c\u50cd\u304b\u306a\u3044<\/strong>\u3068\u304b\u3001<strong>\u4e0a\u5834\u6642\u306e\u6295\u8cc7\u5bb6\u306b\u306f\uff16\u304b\u6708\u306e\u30ed\u30c3\u30af\u30a2\u30c3\u30d7\u304c\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u308b\u7b49<\/strong>\u3042\u308b\u304c\u3001\u672c\u8cea\u7684\u306a\u7406\u7531\u306f\u300c<strong>\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u5e02\u5834\u3078\u306e\uff09\u30a2\u30af\u30bb\u30b9\u6a29\u3068\u3044\u3046\u30ca\u30e9\u30c6\u30a3\u30d6\u306b\u71b1\u72c2\u3059\u308b\u30ea\u30c6\u30fc\u30eb\u6295\u8cc7\u5bb6\u306e\u884c\u52d5<\/strong>\u300d\u3060\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"665\" src=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d-1024x665.png\" alt=\"\" class=\"wp-image-6616\" srcset=\"https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d-1024x665.png 1024w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d-300x195.png 300w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d-768x499.png 768w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d-1536x998.png 1536w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d-1140x741.png 1140w, https:\/\/ikuoch.com\/blog\/wp-content\/uploads\/2026\/04\/453d0ec4be92a6ac7f0167bf0ab7151d.png 1598w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u65e5\u672c\u3067\u306f\u3001\u6771\u8a3c\u304c\u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96\u3092IPO\u5f8c\uff15\u5e74\u4ee5\u5185\u306b\u300c100\u5104\u5186\u300d\u306b\u8a2d\u5b9a\u3057\u305f\u3053\u3068\u3067\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u5927\u304d\u304f\u5909\u308f\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u6642\u4fa1\u7dcf\u984d30-50\u5104\u5186\u3067\u306eIPO\u304c\u53ef\u80fd\u3060\u3063\u305f\u6642\u4ee3\u306ePlaybook \u306f\u3001\u65e2\u306b\u904e\u53bb\u306e\u3082\u306e\u306b\u306a\u3063\u305f\u3002\u305d\u308c\u3092\u53d7\u3051\u3066\u304b\u30012025\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305fVC\u30d5\u30a1\u30f3\u30c9\u6570\u306f\u5fae\u5897\u3057\u305f\u3082\u306e\u306e\u3001\u30d5\u30a1\u30f3\u30c9\u3068\u3057\u3066\u306e\u8abf\u9054\u91d1\u984d\u306f<strong>2023\u5e74\u6bd4\u3067\u300c50\uff05\u672a\u6e80\u300d<\/strong>\u3068\u5927\u304d\u304f\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e16\u754c\u306e\u6295\u8cc7\u5bfe\u8c61\u304c\u307b\u307c\u300cAI\u300d\u4e00\u8272\u306b\u67d3\u307e\u3063\u305f\u4eca\u3001\u305d\u306e\u4e2d\u5fc3\u306f\u7c73\u56fd\u3068\u4e2d\u56fd\u3067\u3042\u308a\u3001LLM\u7b49\u306e\u30a4\u30f3\u30d5\u30e9\u3067\u306f\u65e5\u672c\u306f\u52dd\u8ca0\u306b\u306a\u3089\u306a\u3044\u3002\u65e5\u672c\u306e\u52dd\u3061\u7b4b\u3092\u771f\u5263\u306b\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u6ce8\u91c8\uff1a\u3053\u306e\u30a8\u30f3\u30c8\u30ea\u30fc\u306f\u3001\u50d5\u304c\u656c\u611b\u3059\u308b<strong><a href=\"https:\/\/www.linkedin.com\/in\/kteare\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">Keith Teare<\/a><\/strong> \u304c\u767a\u884c\u3059\u308b<strong><a href=\"https:\/\/www.thatwastheweek.com\/?utm_source=homepage_recommendations&amp;utm_campaign=1144532\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"external\">ThatWasTheWeek<\/a><\/strong>\u3068\u3044\u3046\u30cb\u30e5\u30fc\u30b9\u30ec\u30bf\u30fc\u3067\u89e3\u8aac\u3055\u308c\u3066\u3044\u305f\u8a18\u4e8b\u3092\u3082\u3068\u306b\u3001\u50d5\u306e\u8208\u5473\u306b\u57fa\u3065\u304d\u3001Manus AI (from Meta)\u3001ChatGPT\u3001Claude\u3092\u99c6\u4f7f\u3057\u3066\u8abf\u67fb\u5206\u6790\u3057\u3001\u57f7\u7b46\u3057\u305f\u3002\u6bce\u56de\u9577\u7de8\u306a\u306e\u3067\u8aad\u3080\u306e\u306f\u5927\u5909\u3060\u304c\u3001\u8208\u5473\u304c\u3042\u308b\u65b9\u306f\u662f\u975e\u3001Keith \u306e\u30cb\u30e5\u30fc\u30b9\u30ec\u30bf\u30fc\u3078\u306e\u767b\u9332\u3092\u304a\u52e7\u3081\u3059\u308b\u3002<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u50d5\u304c\u7269\u5fc3\u3064\u3044\u305f\u9803\u3001\u30c6\u30ec\u30d3\u306f\u3061\u3087\u3046\u3069\u300c\u767d\u9ed2\u300d\u304b\u3089\u300c\u30ab\u30e9\u30fc\u30c6\u30ec\u30d3\u300d\u306b\u79fb\u884c\u3059\u308b\u6642\u671f\u3060\u3063\u305f\u3002\u50d5\u304c\u65e5\u9803\u304b\u3089\u63a5\u3057\u3066\u3044\u308b\u6b66\u8535\u91ce\u5927\u5b66\u30a2\u30f3\u30c8\u30ec\u30d7\u30ec\u30ca\u30fc\u5b66\u90e8\uff08\u901a\u79f0\uff1a\u6b66\u8535\u91ceEMC\uff1dEntrepreneurship Musa<span class=\"excerpt-ellipsis\">&#8230;<\/span><\/p>\n<p><a class=\"more-link\" href=\"https:\/\/ikuoch.com\/blog\/2026\/04\/05\/openai-%e3%81%aeipo%e3%81%af%e4%bd%95%e3%82%92%e7%89%a9%e8%aa%9e%e3%81%a3%e3%81%a6%e3%81%84%e3%82%8b%e3%81%ae%e3%81%8b%ef%bc%9f\/\" itemprop=\"url\">Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":6601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"_links":{"self":[{"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/posts\/6584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/comments?post=6584"}],"version-history":[{"count":28,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/posts\/6584\/revisions"}],"predecessor-version":[{"id":6618,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/posts\/6584\/revisions\/6618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/media\/6601"}],"wp:attachment":[{"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/media?parent=6584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/categories?post=6584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ikuoch.com\/blog\/wp-json\/wp\/v2\/tags?post=6584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}