OpenAI Delays IPO to 2027 as Altman Holds Out for $1T
Sam Altman has rejected any sub-trillion IPO valuation as a nonstarter, pushing the listing to 2027 while SoftBank takes a 13% hit and SpaceX's stumbling debut makes the wait look smarter.
Articles Tagged "Sam Altman"
White House Forces GPT-5.6 Into a Staged Rollout
The Trump administration is requiring OpenAI to vet every GPT-5.6 customer individually before granting access, citing cybersecurity capabilities that rival Anthropic's restricted Mythos model.
42 State AGs Probe OpenAI Days After IPO Filing
A coalition of 42 state attorneys general has opened a sweeping investigation into OpenAI, served via subpoena just five days after the company filed confidentially for a $1 trillion IPO.
OpenAI Files for IPO, Eyes $1 Trillion Valuation
OpenAI filed a confidential S-1 with the SEC on June 8, targeting a public debut above $1 trillion as early as September 2026, following Anthropic by one week.
Trump Eyes Government Equity Stake in OpenAI
The Trump administration is in talks with OpenAI about donating equity to a US sovereign-style fund, a deal that would make American taxpayers co-owners of the most valuable AI startup on Earth.
Florida Sues OpenAI and Altman Over ChatGPT Safety Lapses
Florida becomes the first US state to hold an AI CEO personally liable, filing an 83-page complaint accusing OpenAI and Sam Altman of hiding ChatGPT's dangers while racing for market share.
Musk Loses OpenAI Lawsuit - Jury Rejects All Claims
A unanimous jury in Oakland dismissed Elon Musk's lawsuit against OpenAI and Sam Altman after less than two hours of deliberation, finding all three counts barred by the statute of limitations.
Altman: Musk Wanted 90% of OpenAI From the Start
Sam Altman testified that Elon Musk demanded majority control of OpenAI from the beginning, with an opening ask of 90% equity - a revelation that reframes the entire lawsuit.
Musk v. Altman Trial Opens - OpenAI's Future at Stake
A federal trial over OpenAI's shift from nonprofit to for-profit opened in Oakland on April 28, with Musk seeking $134B in damages, Altman's removal, and a full corporate reversal.
World ID 4.0 Brings Human Verification to Tinder and Zoom
Sam Altman's World project launched World ID 4.0 at a San Francisco event on April 17, signing Tinder, Zoom, DocuSign, and Okta as partners while introducing Agent Kit to authorize AI agents.
OpenAI's IPO Will Reserve Shares for Everyday Investors
OpenAI CFO Sarah Friar confirmed the company will reserve IPO shares for retail buyers, after the firm raised $3B from individuals in its $122B funding round - three times what it set out to raise.
Anti-AI Suspect Throws Molotov at Altman's Home
A suspect linked to the Pause AI movement threw a homemade incendiary at OpenAI CEO Sam Altman's San Francisco home, then threatened to burn the company's headquarters.
