Sam Altman sat down with Fortune this week and dropped a line that made a lot of investors nervous.
“I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” he said.
When pressed on whether 2026 was off the table, he was direct: “I would say not 2026. We got a lot of stuff to do, like meeting this moment of what is going to be required for safety and alignment, and how the industry and governments can work together.”
OpenAI had confidentially filed for an IPO back in June. The company was reportedly eyeing a listing at a valuation of up to one trillion dollars. But Altman is now saying that the moment just isn’t right.
“We all have a tremendous amount of responsibility, and cannot let egos or incentives for profit or anything else get in the way.”
He also said something that would have been unthinkable from a CEO two years ago: “I don’t think we’re currently at a place where we could say, you know, push much further on capabilities without making more progress on monitorability, alignment, the ability to understand what a model is doing, and the ability to make sure that a model will follow human values and the intent of its users.”
Translation: we built something we don’t fully understand, and we need to figure it out before we sell shares to the public.
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