OpenAI, the company behind ChatGPT and backed by Microsoft, has no plans to go public, according to CEO Sam Altman. Speaking at a conference in Abu Dhabi, Altman stated that the company’s plans for super intelligence could lead to making decisions that investors would find strange. I don’t want to be sued by…public market, Wall Street etc, so no, not that interested, he added. OpenAI has so far raised $10bn from Microsoft at a valuation of almost $30bn as it invests more in building computing capacity. Altman revealed that OpenAI operates under a hybrid capped-profit structure that allows for external funds while benefiting the non-profit operation.
OpenAI CEO Sam Altman says company has no plans to go public
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