OpenAI’s Altman rules out 2026 IPO as AI safety takes priority - report
OpenAI CEO Sam Altman has ruled out a 2026 IPO for the company, citing safety concerns as the primary reason. In an interview with Fortune, Altman stated that the current moment is not suitable for going public due to the rapid development of artificial intelligence and the need to address safety and alignment issues. He emphasized that OpenAI, along with other major AI companies, could be close to reaching an agreement to jointly slow AI development and tackle safety risks.
Altman also mentioned that 2027 might be a more likely target for a public listing, once the company is ready, considering the societal impact of the technology. He highlighted the company's nonprofit and for-profit corporate structure, explaining that they have been operating with a complicated structure for a long time, and this moment is the reason behind it.
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