2 links tagged with all of: sam altman + ai safety + ipo + openai
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OpenAI is raising at least $30 billion in a pre-IPO round that values the company at roughly $1.4 trillion, with a public debut now pushed to 2027. CEO Sam Altman delayed the IPO to focus on AI safety concerns, citing unacceptable existential risks.
- OpenAI's run-rate revenue jumped 70% since July, hitting $40 billion in August, driven by focus on coding capabilities
- The company previously raised $122 billion in March at an $852 billion valuation, but that round was supposed to be the last before going public
- Sam Altman explicitly ruled out a 2026 IPO, stating he won't accept a 10% chance of "killing everybody by the end of the decade"
Sam Altman says OpenAI is delaying its IPO past 2026, citing AI safety concerns and the need to wait for the right moment rather than rushing to capitalize on market conditions. The company had previously targeted late 2026 but is now aiming for 2027 or later.
- Altman explicitly ruled out a 2026 IPO, saying it would be "ill-advised" given current safety discussions in the AI industry
- OpenAI will go public only when "the business is ready" and societal conditions around AI technology align, not on a fixed timeline
- The New York Times reported the company had already hired bankers and lawyers for a 2026 IPO but shifted expectations to 2027 due to tech stock volatility and OpenAI's own financial challenges