OpenAI’s Sam Altman says it would be ‘ill-advised’ to go public in 2026
OpenAI's CEO Sam Altman has stated that the company will not be going public in 2026, despite filing for an IPO. In an interview with Fortune editor-in-chief Alyson Shontell, Altman emphasized that the company is not rushing into an IPO due to the recent OpenAI-HuggingFace hack and growing concerns about AI safety. Altman reiterated that OpenAI will go public when it feels ready, both from a business and societal standpoint.
When asked if the IPO is not planned for 2026, Altman responded affirmatively, stating that they have a lot of work to do before considering a public listing. The New York Times had previously reported in June that OpenAI had hired financial advisors with intentions of going public in the third or fourth quarter of 2026, but the timeline has shifted to 2027 due to market volatility and the company's financial situation.
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