Sam Altman says OpenAI IPO unlikely in 2026
Wall Street was poised for a massive OpenAI IPO by the end of the year—but the CEO says that’s not happening.
TrailWalkerME 🇺🇲 🇬🇧 🏳️🌈 🇺🇦 🌊 🫘 🐶 🇨🇦22Probably has nothing to do with the top researchers leaving and spilling that they literally have no control over AI right now.
Steve13Oh god not another year of him promising that a wrathful, sentient AGI will destroy us all *and* create unlimited shareholder value
Robyn11So what are they NOT telling us?
the-oc.bsky.social10It's not happening because OpenAI is quite likely worth ZERO. Keeps losing market share to Anthropic, Google and more relevantly Chinese open factor models.
Axe Bloody Spray5Oh yeah, let's invest in a company that is spending more money than it takes in, and there is no mechanism by which they can reverse that situation!
Odrok the Deceiver4So, he doesn't want to split the bailout money with shareholders, gotcha
River_Tam12This has been pretty well known since this summer, no? The reason isn't safety - it's market uncertainty and not wanting to be compared to Anthropic.
Next door in Silicon Valley6Better buy your second home in the Peninsula or San Francisco while you still can
Jill2This is why they are saying all of the "AI will kill us all" BS, @angrystaffer.bsky.social. the trchbros are referring to their stock options tanking.
Either frontier AI labs have created a doomsday scenario that we’re months away from (which they’ve been saying for years and we have little evidence of) or they’re wildly unprofitable and can no longer subsidize AI compute, which we actually have pretty good evidence of
Mr. Saturday Night154Either is possible, but if I were a betting man I’d guess the closest thing to a doomsday scenario is the fact that these companies have been virtually the only growth vectors for the U.S. economy for some time and if/when a collapse comes, we’ll have to reckon with that
Michael Scott Balch, PhD5Ah. But what if you pulled some probabilities and utility values out of your ass and then multiplied them together? WOULD YOU BE SCARED THEN????
4quad1Some of the most evil technocrats said some bullshit. News at 11.
OpenAI will not go public in 2026, Sam Altman said as he raised safety concerns over artificial intelligence
Felonius Tooth91Sure, safety concerns. Not their absolutely ridiculously bad financials.
Mary Lawrence49Public documents would require disclosing that OpenAI is nothing but a paper tiger with cooked books.
Dexter Remmick35"safety fears" Sure Sam, that's why
RI Smith27It definitely has nothing to do with his company losing $38 billion last year and key members of the C suite abandoning the ship right before they would otherwise be getting hundreds of millions to billions of dollars.
Ned Pyle21Not going public because of safety concerns is the new not going public because of upside down on costs vs revenue by 100x concerns
Mx Zebra 🪬16It's fucking hilarious anyone is buying this shit
Win98 Tech Support66Hahahahahahahaha bubble is fucking REAL hahahahahaha
Dylan Macri, Cadhla182, Commissions Open50THAT'S what they've been trying to spin? It's not even a pitch to the military it's just that they suck? We've known that!
Return of the Cmonmacques25The company is totally financially ready to go public. They wanna ipo so bad because it would go great. It’s just too darn dangerous for humanity is the thing
Marian Call24i know this isn't what happened, but in my fanfiction, Sam had a revelation (perhaps brought on by 3 visiting ghosts) that a governance structure of profit-motivated shareholders is fundamentally incompatible with high safety standards for products with potential for harm
Curb Your Malthusiasm19Completely made up “safety concerns” about human extinction from AI CEOs. Completely detached from reality discourse about trans people by bigots. Complete erasure of the ongoing horrors in Palestine, Lebanon, and Iran by Zionists. On literally no issue are we having real, sober conversations
Rine14"No no guys, see, we can't go public because AI is too dangerous, too powerful! Its totally not that we have to open our books and they are perpetually on fire with how much money we are burning for nothing."
x9Now everybody suddenly give a fuck? Ok. Lmfao
R. Sera8I know stuff has been done harmfully but is there anything in the trajectory of the tech that actually justifies this? or is it just better sounding than "our model is a moneysink"
Bryan Toporek7Lmfao at “safety fears” being the reason he cites, not because his company is a house of cards
Black.Metronome 🇧🇧 🇧🇲7So I'm assuming that all the CEOs who gave these con artists money are finding out that they've been buying snake oil and they're looking for an offramp
“Anthropic and OpenAI CEOs call for AI development to slow down, OpenAI to delay IPO” (I wonder what happened…👀) 9/12/26 … 1/
Jenny Cohn422/ This came first… bsky.app/profile/jenn...
Henry 4openAI and Anthropic are only now realising that they are committed to spend / have spent way more than the total addressable market …
Digital Warrior - Combat Disinfo4I was thinking the same thing. That head engineer who recently quit alluded to an extinction event so whatever they have seen gave them all pause. Unfortunately for the word, idiots elected precisely the wrong person to lead the world in these times. May God have mercy on our souls
Bill Beaird1They’re out of money and the models are regressing, apparently.
Wiarton Willy1They can’t keep jerking us around without frequently changing directions.
OpenAI won’t go public in this year as the artificial intelligence company focuses on addressing safety-related concerns around the technology, Chief Executive Officer Sam Altman told Fortune in an interview. www.bloomberg.com/news/article...
Susan From Boston4Translation. The SEC wanted a reasonable page limit on the Risk Factors section and the underwriters and lawyers were running a billion words too long. Ok yes, I made that up.
Michael Sullivan3... if the world still exists in 2027.
The Certified Letter2Translation: The hardware isn’t coming along and revenues suck
Jim Marino1And also because it's a money pit.
David Mullin1What about this year’s planned IPO by Anthropic. Its CEO is publicly cautioning safety concerns about LLM AI. His sister is in charge of the firm’s safety initiates. Will Anthropic’s IPO be delayed? Will safety concerns significantly slow usage of AI by DoD?
Rick Whittaker (he, him, his)1There will be no public offering this year because it would get embarrassingly hammered.
Saying it would be an “ill-advised moment” given current AI safety concerns, Sam Altman announced that OpenAI is delaying its IPO and will not go public this year.
jodelllaw.bsky.social16Also doesnt want to open his books up
anUnrelatedThing9I feel like @edzitron.com predicted this months ago...
Myrea Rend6He's delaying because he won't get the $1 trillion valuation OpenAI needs to even begin a path to profitability. The "safety" he worries about is that of his portfolio.
Mighty Apollo5Safety concerns? Sure Jan, that’s the reason…😹
jakeofnotrades.bsky.social2Sooooo.... the prospectus has some fibs.
ForeverExpat2In other words, "The attention on us is too much right now which will affect the valuation, so I'm going to buy time and pretend to cool down AI advanced agent research until we can go public in the following year."
Nash276The "safety concerns" are how investors will literally tear Altman to pieces once they actually learn how much money has been set on fire with no return in sight.
Cheryl Rofer56Translation: We effed ourselves good!
Alonso Duralde32The awards campaign for ARTIFICIAL officially begins.
Dread Pirate Sex Badger26It also means they know there's no profit on the horizon, it's a money furnace, and they will be hounded to hell by index fund managers and people who lose their pensions.
Sean McKnight11They're screwed and I think he knows it.
Toast Conger7I'd try to explain the many players in this grand house of cards, but it may be unnecessary. The simple answer is that if they don't go public, the US economy collapses. It's quicker and easier to say. Never mind if this stuff is good, dangerous, bad, humanity changing... It's gonna crash for awhile
Pearl River Flow5"we can't go public until we're confident our product can kill everyone who points out the problems with our financials"
Resister2For god's sake, friends, if you have any investments in (or dependency upon) LMM AI, get out now. The crash is coming and it won't be pretty. bsky.app/profile/leah...
Charm City Couillon2Doesn’t want to open the books cause they’re garbage
Not enough Capital for a $2T IPO to actually happen. SpaceX ate up more than half of all Capital allocated for this IPO season. So OpenAI & Antrhopic both don't want to IPO b/c whomever does first is going to not get SpaceX's IPO figure, and from there the entire market corrects at once.
Blaise Ulysse Bernard Collins6And I'd been wondering how this circle gets squared w/o either of them going to IPO. This last week makes it clear to me that the plan was executed over the July to Now window. Set up all the check boxes on what keeps you on the right side of investor lawsuits.
Maya Media3It’s all about to meltdown anyway.
A Journey of Giraffes 🇬🇱1So it’s sorta like: the institutional investors had to be choosy as to which over-leveraged companies they propped up.
