OpenAI Won’t Go Public This Year, With IPO Earliest in 2027

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OpenAI is not expected to pursue an initial public offering this year as it prioritizes work on artificial intelligence safety and alignment.

CoinDesk reported on September 13 that OpenAI Chief Executive Officer Sam Altman told Fortune in an interview that “given everything going on around safety, now is not the right time to go public.” He added that he does not feel pressure to list the company.

As a result, the company’s IPO is increasingly likely to be pushed back until 2027 at the earliest.

Altman said OpenAI still has a great deal of work to do on safety and alignment, as well as on how the industry and governments should work together.

Calls to slow the pace of AI development have also been growing across the industry. Anthropic Chief Executive Officer Dario Amodei has argued that the AI race needs to slow down, a view Altman and Elon Musk have also endorsed.