OpenAI CEO Sam Altman rules out 2026 IPO, eyes $1 trillion valuation first

OpenAI CEO Sam Altman has announced that the company will not go public this year or in 2026. This decision stems from the extensive AI safety work required, especially following warnings about AI capabilities from an Anthropic employee. While the market anticipated blockbuster IPOs from OpenAI and Anthropic, Altman believes going public now would be ill-advised. The delay reflects a strategic focus on stability and achieving a $1 trillion valuation before entering the public market.