Artificial Intelligence (AI) firm OpenAI has ruled out the possibility of going public in the near future due to its very strange corporate structure. The company CEO, Sam Altman, said OpenAI’s structure could make the kind of decisions that most investors would find unusual, especially after the development of super intelligence. Altman revealed the complexity of OpenAI’s structure to a crowd at an Abu Dhabi conference, expressing his unwillingness to be sued by Wall Street or the public market. While OpenAI is a leading AI company, Altman sees an IPO as impossible due to the company’s unique organization. Microsoft’s Bing AI relies on OpenAI’s technology.
Unconventional Corporate Structure Makes OpenAI IPO Unlikely
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