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Crypto news, AI researcher Gary Marcus warns that OpenAI's potential IPO and cash burn issues could pose risks to tech stocks reliant on AI computing power demand. Nvidia, Oracle, and CoreWeave's valuations are based on expectations of OpenAI's continued large-scale chip procurement and data center capabilities. If OpenAI's IPO process stalls or it cuts back on spending, these suppliers may face downward revisions of revenue forecasts. OpenAI has submitted a confidential S-1 filing, with market focus on its computing costs, competition with Anthropic, and enterprise client usage. If AI data center financing, cloud computing contracts, and OpenAI's demand become highly correlated, a contraction in core client spending could lead lenders to reassess the credit quality of AI-related assets.