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Announced Fri, 26 Jun · 11:16 IST
OpenAI IPO: ChatGPT maker considers delaying public issue to 2027, stresses on $1 trillion valuation, says report
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AI summary
OpenAI is considering delaying its IPO until 2027 due to recent tech stock volatility, according to a New York Times report. The company's bankers warned that post-SpaceX IPO volatility could dampen retail investor enthusiasm, presenting options of waiting for a $1 trillion valuation or accepting a lower target for a quicker listing, but CEO Sam Altman rejected any change from the trillion-dollar target. Separately, OpenAI delayed the rollout of its GPT 5.6 model after the US government requested a staggered launch for trusted partners.