Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi.
“I don’t want to be sued by … public market, Wall Street etc, so no, not that interested,” he said in response to a question on whether he will take OpenAI public.at a valuation of almost $30-billion as it invests more on building computing capacity.OpenAI started off as a non-profit organization but later created a hybrid “capped-profit” company, that allowed it to raise external funds with a promise that the original non-profit operation still benefits.
Altman is on a whirlwind tour across the world, meeting heads of states of several countries, and was in the United Arab Emirates on Tuesday. He plans to travel next to Qatar, India and South Korea. “We did not threaten to leave the EU,” Altman said on Tuesday. “We expect to be able to comply. There’s still more clarity we are waiting for on the EU AI Act, but we are very excited to operate in Europe.”
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