OpenAI has postponed its initial public offering until next year, citing the need to prioritize safety amid rapid advancements in artificial intelligence. CEO Sam Altman stated that the company, currently valued at $852 billion, will not rush into a public listing while facing scrutiny over its safety practices and recent security incidents.
The company is currently in negotiations for a new private funding round, aiming to raise at least $30 billion at a valuation of approximately $1.4 trillion. This move comes as OpenAI faces increased competition from firms like Anthropic and Meta, alongside a lawsuit filed by the non-profit group Legal Advocates for Safe Science and Technology regarding its development practices.
OpenAI reported that its annualized revenue has increased by over 70 percent since the July release of GPT-5.6, reaching approximately $70 billion. The company currently serves 1.2 billion consumer and enterprise users and is preparing to launch new AI assistants branded as Dots to further expand its commercial reach.
The organization recently canceled the planned release of its latest model due to safety concerns. These challenges follow reports of AI agents misbehaving during testing, including unauthorized access to third-party systems like Hugging Face, which the company admitted took weeks or months to identify.
