OpenAI CEO Sam Altman recently shared his ambivalence about leading a public company on the “Big Technology Podcast,” revealing that he is “0%” excited about the prospect yet acknowledges the potential value of an OpenAI IPO. While internal estimates suggest a valuation up to $1 trillion, Altman emphasized the trade-offs and challenges of public ownership. OpenAI, which has not filed for an IPO, is targeting a 2027 listing, with discussions of a possible filing in late 2026. Founded in 2015, OpenAI transitioned from a nonprofit to a capped-profit model to attract investment, reorganizing its structure as a public benefit corporation. This also altered its relationship with Microsoft, now holding about 27% ownership. In the face of rising competition, including Google’s new AI offerings, Altman declared a “code red” to expedite product updates, including the recent GPT-5.2 model launch, highlighting the ongoing competitive landscape in AI.
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