OpenAI launch delayed to 2027 over safety

The article relates to Sam Altman, CEO of OpenAI, affirming that the company will not initiate a public offering of its shares before 2027. This is due to their focus on addressing safety concerns related to artificial intelligence technology. He explained that conducting an IPO this year would not be appropriate, given the significant potential risks posed by AI, including the possibility of causing mass fatalities by the end of the decade, according to internal company assessments. This stance comes amid calls from tech leaders to slow down AI development due to the existential risks it presents to humanity. It has been emphasized that the company is committed to implementing more rigorous monitoring systems to ensure public safety, and that its valuation could surpass the market cap of its initial public offering if preparations continue. However, the company declined to comment on these statements.

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