OpenAI rules out 2026 IPO as Sam Altman flags AI safety risks
OpenAI will not pursue an initial public offering this year as chief executive Sam Altman says the company is prioritising artificial intelligence safety and alignment work over a potential listing. “It would be an ill-advised moment to go public”, given the safety challenges facing AI, Mr Altman told business magazine Fortune, adding that OpenAI does not feel pressure to list in 2026. The…
OpenAI has decided not to pursue an initial public offering in 2026, according to chief executive Sam Altman, who emphasized the company's current focus on AI safety and alignment. Altman told Fortune magazine that it would be "an ill-advised moment to go public" given the safety challenges facing AI. He stressed that even a small chance of AI causing human extinction is unacceptable, though he questioned the feasibility of calculating such a probability.
Altman also noted that OpenAI is likely to delay its IPO to 2027, and the company may soon announce plans to collaborate on AI safety with other leading companies in the field. The safety concerns have not slowed down Anthropic, another AI company, which is expected to go public as early as mid-October, potentially before the US midterm elections in November.
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