OpenAI Called an IPO 'Ill-Advised' on Safety Grounds. Three Days Later It Was Fielding Offers at $1.2 Trillion and Asking for $1.5 Trillion, in Private
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The New York Times reported on September 16 that OpenAI is considering a new private funding round at about $1.5 trillion, after investors approached it at $1.2 trillion, a figure the Financial Times and Bloomberg reported Tuesday. The talks come three days after Sam Altman told Fortune that going public now would be 'ill-advised' given everything happening with safety, and the same week Anthropic, whose CEO wrote the slowdown essay, prepares to market a $2 trillion IPO. The pause on the IPO is not a pause on the money: the round would keep the company private longer, let employees sell stock, and fund a compute bill that already dwarfs its $40 billion in annual revenue.
