OpenAI Weighs Delay of IPO as Tech Stock Volatility Rattles Advisers

OpenAI is considering delaying its initial public offering until 2027 due to recent volatility in tech stocks, Bloomberg reported Thursday (June 25), citing a paywalled article by The New York Times. The artificial intelligence startup’s advisers have told it that this volatility could reduce retail investors’ enthusiasm for its IPO, according to the report. OpenAI CEO Sam Altman is pushing the firm’s advisers to seek a $1 trillion valuation for the company, per the report.