OpenAI Will Not Go Public This Year, CEO Confirms

OpenAI CEO Sam Altman has confirmed that the company will not go public this year. Altman indicated that OpenAI is not rushing its IPO plans, deeming it an unwise move given the current developments in artificial intelligence safety.

Altman stated that OpenAI intends to go public when its business and internal readiness are aligned with a suitable societal context. He clarified that a 2026 IPO is unlikely, as the company still has significant work ahead regarding safety, and collaboration with the industry and governments.

Reports from June had suggested that OpenAI was considering delaying its planned IPO from this year to next, at which point its valuation could reach $1 trillion. The reasons behind such a potential delay have drawn attention.

Altman also hinted at the possibility of OpenAI joining other leading AI firms in an agreement to slow down development to address escalating safety risks. He expressed willingness to delay the company's public listing for the sake of safety. Furthermore, OpenAI has considered temporarily halting the development of cutting-edge AI to allocate more time for safety and alignment efforts.