IPO Delayed: Sam Altman Says an OpenAI Going Public in 2026 Would Be ‘Ill-Advised’
OpenAI CEO Sam Altman announced that the company's initial public offering (IPO) in 2026 would be "ill-advised" due to rising risks and the desire for the industry to slow down. This announcement comes after the company delayed its upcoming public listing, previously aiming for 2026. Instead, OpenAI now targets a 2027 listing, as rival Anthropic plans to go public before the end of the year with a potential valuation of $2.3 trillion.
The delay is attributed to the need for greater focus on safety and alignment in AI technology, with Anthropic researcher Evan Hubinger estimating a 10% chance of AI causing human extinction within the next decade. Altman also mentioned a potential industry pact to address the increasing safety risks, potentially coordinating a pause in the development of cutting-edge AI technology.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
