OpenAI CEO has no IPO plan due to 'strange' company structure

STOCKHOLM : 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. While building their artificial intelligence capacities, Altman and many prominent scientists involved with creating and marketing the technology have warned of the threat it poses, particularly content-creating generative AI such as ChatGPT, with some equating it to extinction-level risk. They have demanded regulation.

"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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OpenAI chief executive does not plan to take company publicSTOCKHOLM : 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. 'When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,' Altman sai
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