OpenAI CEO has no IPO plan due to ‘strange’ company structure

STOCKHOLM: Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. “When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,” Altman said.

STOCKHOLM: Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. OpenAI started off as a non-profit organisation but later created a hybrid “capped-profit” company, that allowed it to raise external funds with a promise that the original non-profit operation still benefits.

Via: channelnewsasia.com