The OpenAI chief executive said an IPO in 2026 would be "ill-advised" given growing AI safety concerns

Wall Street was poised for a massive OpenAI IPO by the end of the year—but the CEO says that’s not happening.

OpenAI CEO Sam Altman has ruled out a 2026 IPO, holding out for a $1 trillion valuation. The company now targets a 2027 public debut at the