I have always thought it would eventually be owned my Microsoft. The only uncertainty is the path it takes to get there.

Given the froth in the market right now, I think there is a good chance the IPO gets scrapped if we are talking mid 2026. An IPO at a trillion would work right now but mid 2026 is a long ways away.

Like how the Deepseek moment feels like ancient history but it wasn't even a year ago.