OpenAI CEO says IPO won't happen this year over safety concerns
OpenAI says it won't go public this year
OpenAI CEO Sam Altman says the artificial intelligence company will not hold an initial public offering (IPO) this year. An IPO is the first sale of a company's stock to the public.
Altman told Fortune that safety concerns make this the wrong time to go public and that the company feels no pressure to do so. A public offering of OpenAI stock appears to be delayed until at least 2027, according to CoinDesk.
Key statements from OpenAI's CEO
- "Given everything happening with safety, right now would be an ill-advised moment to go public, and we don't feel pressure on that," Altman said.
- He said the company has a lot to do, including meeting what will be required for safety and alignment, and working out how industry and governments can cooperate.
What is still unclear
The report does not give a specific date for a possible future public listing, and it does not explain what "everything happening with safety" refers to.
Calls for a slower AI race
The IPO comments came as Anthropic CEO Dario Amodei publicly called for a slowdown in the AI race on Saturday. Altman and Elon Musk quickly agreed, according to the report.
Why it matters
OpenAI is described in the report as an AI giant. Altman's comments mean its stock will not be offered through an IPO this year, and he tied that decision to work on safety, alignment, and cooperation between industry and governments.
Sources
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