Sam Altman says OpenAI won't file for IPO this year

OpenAI CEO Sam Altman has confirmed that the company will not file for an IPO this year. In an interview with Fortune, Altman described the current period as an ill-advised moment to go public. This decision stems from mounting concerns regarding the development of increasingly powerful AI models. Consequently, the highly anticipated public offering will be delayed as the organization navigates the complexities and worries associated with the rapid evolution of advanced artificial intelligence technologies.