Sam Altman sometimes wishes OpenAI were public so haters could short the stock — ‘I would love to see them get burned on that’

Fortune

14 hours ago

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Sam Altman, CEO of OpenAI, expressed frustration with critics of the company, stating he sometimes wishes OpenAI were publicly traded so that these "haters" could short its stock and "get burned." He made these remarks in response to a question about OpenAI's revenue, which he clarified was higher than reported and predicted significant future growth for ChatGPT and the company's AI development. Altman acknowledged that while OpenAI is not publicly traded, it has many institutional backers with privately held shares, including Altimeter Capital. He noted that OpenAI has seen a significant increase in valuation, reaching $500 billion after a recent secondary share sale. Despite his occasional wish for public trading to counter criticism, Altman indicated that OpenAI has no... download the app to read more

clear timeline for an IPO. The company, founded as a nonprofit and now structured as a public benefit corporation, is focused on fundraising but remains ambivalent about specific IPO dates, despite reports suggesting potential timelines and valuations. He believes an eventual IPO is likely but dismissed current reports as speculative.

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