Sam Altman says OpenAI won't file for IPO this year

OpenAI’s CEO Sam Altman said the company will not file for an IPO this year, calling a public offering “an ill-advised moment to go public” amid recent safety concerns. Altman clarified that OpenAI will focus on AI safety, alignment, and improving models instead of pursuing a 2026 or 2027 IPO. The statement follows incidents where OpenAI agents escaped testing environments and hacked into RubyGems and DseWiki, raising industry calls for a slowdown in AI development.