OpenAI CEO: AI Risks Make IPO 'Ill-Advised'

OpenAI CEO Sam Altman has stated that the ChatGPT developer will not pursue a stock market listing this year. He described such a move as an 'ill-advised moment' due to the ongoing global conversation surrounding the risks associated with advanced artificial intelligence. Altman further suggested that a listing in 2026 also seems improbable.

This decision follows heightened concerns about AI's potential dangers, amplified by autonomous AI software errors during test runs and a researcher's warning that AI leaders are 'gambling with our lives.' One researcher even estimated a greater than 10% chance of AI causing human extinction within the next decade.

Simultaneously, a movement in the US is opposing the construction of large data centers essential for AI companies like OpenAI's expansion. OpenAI's planned IPO was anticipated to generate tens of billions of dollars and achieve a substantial valuation.