Report: OpenAI is leaning towards waiting until next year to conduct an IPO.

According to a report from The New York Times, three insiders familiar with the company's IPO preparations revealed that OpenAI is leaning towards delaying its initial public offering until next year. This shift highlights the uncertainties facing the rapidly rising AI giants. The insiders said that the company had previously hired investment banks and law firms with plans to go public as early as the third or fourth quarter of this year. Internal sources revealed that CEO Sam Altman had requested the advisory team to come up with a solution to achieve a $1 trillion valuation for the startup upon listing. However, a series of recent events have forced OpenAI's management to put their aggressive IPO goal on hold. The main concern stems from the performance of SpaceX, owned by Elon Musk, after its IPO earlier this month. Insiders stated that in the past week, OpenAI's advisory team has warned the company during discussions that retail investors are unlikely to show much enthusiasm for their stock. The advisory team provided two options to the management: either wait until 2027 to go public and aim for a trillion dollar valuation, or lower the target valuation and expedite the IPO process. A person who discussed this with Altman revealed that Altman made it clear that any proposal to lower the trillion dollar valuation is completely unacceptable.