OpenAI, despite having filed confidentially for an initial public offering, will not pursue going public this year or in 2026, according to CEO Sam Altman. In a recent interview with Fortune's editor in chief Alyson Shontell, Altman emphasized that the company is not rushing its IPO plans. He highlighted ongoing concerns around AI safety as a key reason to delay the public offering. Altman stated that OpenAI will proceed with an IPO only when the business is ready and when the societal context is appropriate for its technology. When asked directly if the IPO would happen in 2026, Altman responded that it would not, noting that the company still has significant work ahead. Earlier reports from The New York Times indicated that OpenAI had initially targeted late 2026 for going public but was reconsidering this timeline due to tech market volatility and financial challenges. This cautious approach reflects OpenAI's focus on ensuring responsible deployment of AI technologies and aligning its business strategy with broader societal considerations.
OpenAI CEO Sam Altman Says IPO Not Expected Before 2027 Amid Safety Concerns
OpenAI CEO Sam Altman has indicated that the company will delay its initial public offering beyond 2026, citing concerns about AI safety and current market volatility. The company plans to go public only when it is fully prepared and the timing aligns with societal readiness for its technology.
September 12, 2026•1 min read•Source: techcrunch.com•By Anthony Ha
This article was generated from reporting by techcrunch.com.
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