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Sam Altman: OpenAI won't go public this year as IPO now would come at an 'ill-advised moment'
Fortune • • business
Key Points:
- OpenAI CEO Sam Altman stated that the company is not in a hurry to go public and believes now is an ill-advised time for an IPO due to safety concerns surrounding AI technology.
- Altman indicated that OpenAI will pursue an IPO only when the business and societal conditions are appropriate, suggesting 2026 is unlikely and 2027 or later is more realistic.
- The decision to delay the IPO follows recent market volatility, including the SpaceX IPO's sharp valuation swings and global economic uncertainties exacerbated by geopolitical tensions.
- Heightened concerns about AI safety, including incidents of rogue AI agents and internal industry calls to slow AI development, have influenced OpenAI’s cautious approach.
- Altman revealed that OpenAI is considering pausing the rollout of cutting-edge AI models to focus on safety and alignment, and he advocates for industry-wide and governmental cooperation to manage AI risks responsibly.
