Sam Altman's OpenAI Is in Talks for a New Funding Round Valuing It at $1.2 Trillion Instead of an IPO. Here's Why He Called Going Public Now "Ill-Advised."
If nothing else, OpenAI's co-founder and CEO is thinking strategically about how to raise the most money in the way that's least dilutive to its current stakeholders.
Overview
ChatGPT developer OpenAI won't be going public this year after all.
That's the latest word from co-founder and CEO Sam Altman, anyway. In a recent interview with Fortune magazine, Altman said that -- in light of safety concerns regarding OpenAI and other similar artificial intelligence platforms -- "right now would be an ill-advised moment to go public."
Details
The safety concerns in question are the prospect that AI systems could make unchecked decisions on their own that result in measurable and meaningful harm to humanity, up to and including taking actions that cause human extinction.
Source
Originally published at www.fool.com.