OpenAI Likely to Delay IPO Until Next Year Amid Financial Challenges and Market Volatility
By
Rob Copeland, Mike Isaac
Summary
OpenAI is leaning toward delaying its initial public offering until next year, according to three people involved in the company's deliberations. The AI company's advisers are pushing CEO Sam Altman to move slowly, citing volatility in SpaceX's stock and the start-up's ongoing financial challenges. This marks a turnabout that highlights the uncertain future for fast-rising artificial intelligence giants.
Source
Hacker NewsOpenAI Likely to Delay IPO Until Next Year Amid Financial Challenges and Market Volatilitynytimes.comKey quotes
· 3 pulledOpenAI is leaning toward holding off its initial public offering until next year, three people involved in the company's deliberations said
a turnabout that punctuates the uncertain future for fast-rising artificial intelligence giants
The A.I. company's advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX's stock has been volatile and as the start-up grapples with financial challenges
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