On June 10, Reuters reported, citing the technology news outlet The Information, that Altman conveyed in a message to staff earlier this week that he anticipates OpenAI will go public next year. However, he noted that various factors could either accelerate or delay the timing of the IPO.
Altman explained that the reason for submitting the IPO application now is to have options available when the company is ready to go public. He also mentioned that delaying the IPO could be advantageous if OpenAI reaches its goal of recursive self-improvement in artificial intelligence without human intervention more quickly.
Additionally, OpenAI is reportedly preparing to conduct a stock sale at $687.69 per share for employees, which would provide liquidity to staff and early investors before the IPO.
Previously, OpenAI officially announced on June 8 that it had submitted a confidential S-1 filing to the U.S. Securities and Exchange Commission for its IPO. At that time, the company stated, "We have not yet determined the timing of the IPO," adding that there are tasks that can be accomplished more easily while remaining a private company, which may take time.
* This article has been translated by AI.
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