OpenAI has turned into a zombie. Its IPO is in jeopardy, and its CFO knows it. Press enter or click to view image in full size Author’s image It’s time for OpenAI to change its title from “The Most Valuable Startup in History” to “Schrödinger’s Startup.” On the one hand, it’s alive: we see Sam Altman in public almost every day. He shows up and says all sorts of things. Sometimes, though less often, Sarah Friar, his CFO, also appears. She says something, too. There’s always something happening around the company, and its valuation on the secondary market is rising. And if that’s the case, then there’s life there . But if you look past the flurry of activity on the surface, everything changes. The numbers suggest the company is more dead than alive ; it’s just that not everyone realizes it yet. OpenAI has turned into a zombie . It pretends to be active and makes noises through Sam Altman’s mouth, but there is almost no connection between what’s inside it and the real world. I hope you get the picture.…