tech
OpenAI Considers Postponing IPO Until 2027 - NYT
OpenAI, the developer of ChatGPT, is leaning towards postponing its initial public offering (IPO). The company's debut on the public market may occur in 2027, according to The New York Times, citing sources.
TL;DR
- OpenAI is reportedly considering delaying its IPO until 2027.
- The decision is influenced by market instability and the performance of SpaceX's recent stock offering.
- Consultants have advised OpenAI to wait until 2027 to go public.
- Sam Altman considers any reduction to the $1 trillion valuation unacceptable.
- SpaceX's IPO, though large, has seen its shares fall since its debut.
- Investors are reportedly questioning the future profitability of AI companies.
- Anthropic has confidentially filed for an IPO ahead of OpenAI.