OpenAI Opts Out of IPO—for Now
OpenAI, one of the world’s leading organizations in artificial intelligence research, currently has no plans to pursue a stock market listing (IPO), according to the company’s Chief Financial Officer, Sarah Friar. Speaking at The Wall Street Journal’s Tech Live conference on Wednesday, she stated, “An IPO is not in our plans at this moment. We are instead focusing on strengthening and expanding our operations.” The report comes via Reuters.
A recent Reuters report had suggested that OpenAI was preparing for a potential IPO in late 2026 or sometime in 2027. However, Friar’s remarks indicate that the company is stepping back from that idea for now.
In October of last year, OpenAI transitioned its profit-oriented unit into a Public Benefit Corporation. Following its strategic partnership with Microsoft, the company’s valuation reached approximately 500 billion dollars.
Meanwhile, OpenAI has been investing heavily in building data centers and has signed multibillion-dollar agreements with major technology companies, including Google and Amazon. Friar also noted that the company is seeking support from the United States government to secure loan guarantees for the increasingly expensive AI chips necessary for its operations.
DBTech/BMT/OR
