Why OpenAI’s Sam Altman says an IPO isn’t in the cards this year
Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘ill-advised’ time for the ChatGPT creator to go public
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# OpenAI IPO Delayed Due to AI Safety Concerns OpenAI CEO Sam Altman announced the company will not pursue a public offering in 2024, citing heightened regulatory scrutiny around artificial intelligence safety as making an IPO "ill-advised" at this time. The decision keeps the ChatGPT creator—valued at approximately $80 billion in its last funding round—private while the AI industry faces intensifying calls for government oversight and safety standards.
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