Why OpenAI’s CEO Has No Interest in Making the AI Startup Public

OpenAI CEO Sam Altman has revealed that he is not interested in taking his AI company public for the time being. During a live Q&A session at the Abu Dhabi Global Market, Altman identified that he wanted to have full control over the technology while maintaining the ability to make “strange decisions” that public market investors may not agree with. Altman also stated he was willing to work with regulators to minimize potential harm from the technology. In addition, Altman confirmed that OpenAI will not release any products beyond ChatGPT. The move is set to soothe any anxieties developers may have held regarding OpenAI’s potential to launch competing products. In response to a lack of GPUs that power AI software, Altman is currently traveling around Asia, the Middle East, and Europe, meeting with officials who are recommending rules to regulate AI technologies. He has been calling for more rules as his greatest fear is that AI technology could cause major harm.