OpenAI is leaning toward postponing its IPO until next year, according to three people involved in the company’s deliberations, marking a significant shift in strategy for the AI powerhouse.
The New York Times reports that the maker of ChatGPT had previously hired bankers and lawyers with the goal of going public as soon as the third or fourth quarter of this year. Sam Altman, the company’s chief executive, had pushed those advisers to find a way for the start-up to achieve a valuation of $1 trillion, up from its last private valuation of $730 billion, according to the people involved, who requested anonymity because they were not authorized…
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