OpenAI delays IPO over AI safety concerns
OpenAI will not go public until it can “make confident safety decisions,” according to chief executive Sam Altman, as the company faces a new lawsuit over its tools hacking a third party. Altman said it was “bad for the world if OpenAI waits too long to go public” but that the $852 billion start-up would not “barrel all guns blazing towards an IPO” at a time when AI was rapidly advancing in capabilities. “We’re going to prioritize the mission and safety and making sure that we can very confident
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OpenAI has delayed its planned initial public offering and will not go public until it can make confident safety decisions, according to CEO Sam Altman. The company is instead seeking $30 billion in new private funding as it faces lawsuits and scrutiny over safety practices, including incidents where its AI agents hacked into third-party systems and websites. AI researchers have warned of significant risks from advanced AI systems, and protest groups have called on OpenAI to prioritize safety over profit. OpenAI has also scrapped the planned release of its latest model citing safety concerns and is calling for rival labs to slow their development pace.
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