‘Ill-advised moment’: OpenAI’s Altman rules out 2026 IPO amid AI safety fears
Altman and CEOs of AI platforms call for slowing AI model development
Add BT as a preferred source
OPENAI will not go public in 2026 as the artificial intelligence company focuses on addressing safety-related concerns around the technology, chief executive officer Sam Altman told Fortune in an interview.
Altman said this year would be an “ill-advised moment” for initial public offering and that a listing will not take place until 2027, according to a video of Fortune’s interview published on Saturday (Sep 12).
“I think it is unacceptable to be taking like a 10 per cent chance of killing everybody by the end of the decade,” Altman said. “I think in this moment we are entering a new era, and we’ll likely have to – as we’ve stepped into other eras in the past – act differently to ensure that we are doing something that will ensure the idea benefits all humanity, but also ensure that no one is taking risk anywhere close to that.”
The comments come as Altman, Anthropic CEO Dario Amodei and xAI co-founder chief Elon Musk on Saturday all voiced the need to slow the pace of AI development due to escalating risks from the technology for humanity – a rare moment of agreement among the leaders of three key competitors in the field.
Anxiety about a potential existential threat posed by AI has entered the mainstream, driven in part by the high-profile resignation of an Anthropic researcher on Sep 9 over fears that his company was acting irresponsibly and that AI could “kill us all by the end of the decade.” A current Anthropic employee said the possibility of such an outcome is “>10% within the next decade” in a post on X.
“I think a key principle that we should all agree on is that we cannot take actions that would risk losing control of the future to AI,” Altman told Fortune.
OpenAI confidentially filed for an IPO in June, though it has said the timing for the listing remained undecided. Anthropic has been preparing for its own listing that may top SpaceX’s record-setting IPO earlier in 2026 worth US$86.2 billion, including the over-allotment option. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore’s new data centres must use renewables. Can they overcome the hurdles?
Vietnam pitches its real economy, not a Singapore replica, in two-city IFC push
Ng family’s Far East group sells Watten Estate property for S$84.2 million to Aurum Land
Anthropic CEO urges slower AI development as Altman, Musk rally behind call
