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Market Chatter: OpenAI CEO Expects IPO Within Next Year Amid Flexible Timing Outlook

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Microsoft (MSFT)-backed OpenAI is expected to go public within the next year, although the timing could shift depending on market and company conditions, The Information reported Wednesday, citing Chief Executive Sam Altman's Slack message to staff.

The message was sent at about the same time the company said in a blog post that it has filed confidential paperwork for a potential initial public offering with the Securities and Exchange Commission, the report said.

Altman said the IPO timeline could slow if the company's advances in AI lead to "recursive self-improvement," where AI systems can build new AI systems, the report said. If this kind of rapid "takeoff" in AI capability becomes more likely, Altman said it may be better for the company to stay private longer, according to the report.

OpenAI and Microsoft didn't immediately reply to' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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