Sam Altman says OpenAI won't go public in 2026 amid AI safety concerns

OpenAI CEO Sam Altman said the company will not hold its initial public offering in 2026, telling Fortune that "right now would be an ill-advised moment to go public" given concerns about AI safety and alignment. OpenAI confidentially submitted an S-1 filing with the Securities and Exchange Commission in June to begin the IPO process, and Altman said the company will go public when it is ready as a business and for the moment in society. Altman said he is "happy to be able to do that as a private company" while the industry and governments work on safety and alignment requirements.

Sam Altman says OpenAI won't go public in 2026 amid AI safety concerns ChatGPT-maker confidentially submitted an S-1 filing with the SEC in June to begin the IPO process OpenAI CEO Sam Altman signaled that the company will delay its initial public offering IPO amid concerns about the safety and alignment of AI models https://www.foxbusiness.com/category/artificial-intelligence given potential risks they could pose to society. The ChatGPT-maker confidentially submitted an S-1 filing with the Securities and Exchange Commission in June to begin the IPO process. The company said at the time that it hadn't decided on the timing of the IPO, https://www.foxbusiness.com/category/ipos saying "it may be a while" because it could be easier to do certain things as a private company in the meantime. Altman said in an interview with Fortune https://www.youtube.com/watch?v=2my-NU6LuCM&list=PLS8YLn 6PU1nBYKC QRMkbmFk6zpSN7Iy&index=3 that "we're not rushing into an IPO" and that "I think given everything that's happening with safety… right now would be an ill-advised moment to go public." MICROSOFT CEO SAYS SUPERINTELLIGENCE MUST REMAIN 'UNDER HUMAN CONTROL' "We don't feel pressure on that. We've said for a long time, we'll do it when we're ready, which is when the business is ready. When we feel ready from a kind of what the moment is like in society with this technology," Altman said, adding that the IPO won't occur in 2026. "We've got a lot of stuff to do," Altman told Fortune. "Meeting this moment of what is going to be required for safety and alignment, and how the industry and governments can work together – I'm happy to be able to do that as a private company." GET FOX BUSINESS ON THE GO BY CLICKING HERE