Microsoft-backed OpenAI, the company responsible for the groundbreaking language model, ChatGPT, has no plans to go public in the foreseeable future, according to Chief Executive Sam Altman. Altman shared these insights during a conference in Abu Dhabi, emphasizing that the development of super intelligence could lead to decisions that may not align with traditional investor expectations.
“When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,” said Altman. He further expressed concerns about potential legal issues, adding, “I don’t want to be sued by the public market, Wall Street, etc., so no, not that interested.”
To date, OpenAI has raised $10 billion in funding from Microsoft at a valuation of nearly $30 billion, as the company continues to invest heavily in expanding its computing capacity.
The company’s unique structure further complicates its potential public listing. Altman explained, “We have a very strange structure. We have this cap-to-profit thing.” Initially founded as a non-profit organization, OpenAI later transitioned to a hybrid “capped-profit” model. This allowed the company to secure external funding while maintaining its commitment to the original non-profit mission by ensuring the operation continues to benefit.
