OpenAI May Delay IPO Until Next Year

According to the New York Times, citing three individuals involved in internal discussions at OpenAI, the company is leaning towards postponing its IPO until next year. Sources familiar with the matter revealed that OpenAI had initially planned to go public as early as the third or fourth quarter of this year. CEO Sam Altman urged financial advisors to find ways to boost the company's valuation to $1 trillion. However, a series of recent developments have forced OpenAI's executives to abandon their initial aggressive plans. The most notable of these is the post-IPO performance of Elon Musk's SpaceX this month. SpaceX's stock price has been on a downward trend, closing at $153 on Thursday after hitting a high of $202 last week. Global markets have also experienced volatility in recent weeks, with tech stocks dragging down indices as investors question whether AI companies can deliver on their lofty promises. According to two sources, over the past week, advisors communicating with OpenAI have warned that retail investors may not generate significant enthusiasm for the company's stock. (Golden Ten)