OpenAI CEO Says Company Will Not Go Public in 2026
Sam Altman says an IPO this year would be 'ill-advised,' even as the AI firm has reportedly filed confidentially for a public listing.
OpenAI CEO Sam Altman said it would be "ill-advised" for the company to go public in 2026, according to a report by TechCrunch.
The statement comes despite reports that OpenAI has filed confidentially for an initial public offering (IPO), TechCrunch reported.
Altman's remarks indicate that, while preparatory steps for a potential public listing may be underway, the company does not intend to complete the process this year, according to the report.
TechCrunch did not provide additional details in the excerpt regarding the specific reasons Altman cited for delaying a public offering, nor a timeline for when OpenAI might reconsider going public.
OpenAI has not issued a separate public statement beyond the comments attributed to Altman in the report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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