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

This piece breaks down The New Yorker’s 18,000-word deep dive into Sam Altman’s trust issues and OpenAI’s turbulent history—from his firing and secret “shadow board” deal to safety disputes and the botched investigation into his conduct. It highlights key conflicts with Musk, Dario Amodei, Microsoft’s unauthorized India release, and a fleeting “sell to Putin” brainstorm.

• Sutskever compiled seventy pages of vanishing Slack messages to justify firing Altman and Brockman, but much of that evidence was kept hidden from the public.
• The Summers/Taylor investigation into Altman's conduct never produced a written report, leaving insiders still pushing for a real probe.
• Microsoft quietly inserted a merger veto into OpenAI's charter, killing the "merge-and-assist" safety clause Amodei had fought for—he only found out at the last minute, contributing to his and Daniela's 2020 exit to found Anthropic.
• Altman denied key details reporters uncovered, including the informal "shadow board" pact with Brockman and Sutskever, despite responding to deception allegations with "I can't change my personality."

This article breaks down The New Yorker’s 18,000-word exposé on Sam Altman and OpenAI, detailing boardroom coups, safety disputes, secret pacts, and clashes with Musk, Amodei, and others. It then covers OpenAI’s policy “new deal” proposal and their acquisition of TBPN.

• Sutskever compiled seventy pages of Slack messages before Altman's firing, arguing he and Brockman shouldn't lead the company
• Musk, Altman, and Brockman had a secret pact that Altman would step down if both Brockman and Sutskever asked—Musk allegedly broke it by building a shadow leadership team
• A merger-blocking clause was quietly inserted into OpenAI's charter during Microsoft's investment, contradicting a "merge-and-assist" safety provision Amodei had demanded—Altman denied its existence until forced to read it aloud
• Summers and Taylor's promised investigation into Altman was narrowed to only assess criminality, produced no public report, and cleared him without most board members ever seeing a briefing

The article details the internal conflict at OpenAI that led to CEO Sam Altman's firing, driven by concerns from board member Ilya Sutskever about Altman's honesty and safety protocols. After a swift backlash from employees and investors, Altman was reinstated just days later, highlighting the tensions around leadership and trust in AI development.

• Ilya Sutskever secretly compiled evidence (using disappearing messages) accusing Altman of lying and misrepresenting safety protocols, believing OpenAI was close to human-level AI and doubting Altman's fitness to control it.
• The board fired Altman citing lack of candor, but the decision blindsided major stakeholders like Microsoft and was made without a fully airtight public case.
• Altman rapidly mobilized allies (Ron Conway, Brian Chesky), framed the firing as a coup by "effective altruists" fearful of AI, and used investor leverage (Thrive suspending its funding deal) to pressure the board.
• Near-unanimous employee threats to resign forced the board to reverse course within days, showing employee and investor power outweighed the board's safety concerns.