Submission + - No OpenAI IPO this Year (reuters.com)
locater16 writes: "OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligence that render "unacceptable" even a 10% risk that AI could cause human extinction by decade's end... "I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don't feel pressure on that," Altman told business magazine Fortune."
While Altman and other AI model company executives have been talking up "safety" concerns, there has been no mention of other AI model questions, such as multiple mathematicians accusing OpenAI of stealing their work and claiming it as their own, a charge OpenAI excuses rather denies in any way. Nor that spending billions of dollars a quarter to develop new AI models has made AI model companies like OpenAI deeply unprofitable, not traditionally a sales pitch seen in major IPOs.
While Altman and other AI model company executives have been talking up "safety" concerns, there has been no mention of other AI model questions, such as multiple mathematicians accusing OpenAI of stealing their work and claiming it as their own, a charge OpenAI excuses rather denies in any way. Nor that spending billions of dollars a quarter to develop new AI models has made AI model companies like OpenAI deeply unprofitable, not traditionally a sales pitch seen in major IPOs.