OpenAI delays IPO over AI safety concerns
OpenAI delayed its IPO and seeks $30 billion at a $1.4 trillion valuation while scrapping a model release over safety concerns.
OpenAI has pushed its IPO to next year and is in talks to raise $30 billion or more at a roughly $1.4 trillion valuation in a new private funding round. Annualized revenue has grown more than 70% since July's GPT-5.6 release to about $70 billion, with 1.2 billion claimed users. The company is launching Dots AI assistants amid competition from Meta's Muse, which lifted Meta's share price about 18% since September 8. OpenAI also scrapped its latest model release citing safety concerns, while facing a novel lawsuit over its agents hacking third-party systems.
- OpenAI seeks $30+ billion at ~$1.4 trillion valuation in new private round
- Annualized revenue about $70 billion, up 70% since July's GPT-5.6 release
- New Dots AI assistants target consumers amid Meta Muse competition
- Company scrapped latest model release citing safety concerns; faces agent-hacking lawsuit
From the original article
2 min read at arstechnica.com
OpenAI is seeking another $30 billion privately as its IPO plans slip.
By George Hammond, Financial Times · arstechnica.com
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