OpenAI CEO Sam Altman stated the artificial intelligence company will not pursue an initial public offering in 2026, pushing the timeline back to at least 2027. Altman cited growing concerns about AI safety and the potential loss of control over the technology as the primary reason for the delay. The decision comes after recent safety-related departures from Anthropic and following the disclosure of a May hacking incident at OpenAI, preceding the July Hugging Face event.
Altman told Fortune’s Alyson Shontell that going public “right now would be an ill-advised moment” given the current focus on AI safety, adding, “We’ve got a lot of stuff to do.” He emphasized that OpenAI will proceed with an IPO “when we’re ready, which is when the business is ready, when we feel ready from what the moment is like in society with this technology.” The New York Times reported in June that OpenAI had been considering an IPO in the third or fourth quarter of 2026 but was leaning toward 2027 due to tech stock volatility and its own financial challenges.
During a 45-minute interview with Fortune, Altman also discussed the possibility of building AI beyond human control, stating it was “absolutely” possible but vowed to take preventative measures, even if it meant pausing training. He asserted that “there are risks we should not be able to incur on behalf of humanity.”
The decision to delay the IPO reflects a broader industry focus on safety, highlighted by recent resignations at Anthropic due to similar concerns. OpenAI also disclosed another hacking incident occurred in May, preceding the cybersecurity issues that surfaced in July with Hugging Face.
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