As questions grow about the safety of artificial intelligence models, this whole situation has done little to improve OpenAI’s reputation, which is why the startup is in no rush to go public, as its head Sam Altman has made clear. Third-party sources also reported that the company plans to raise $30 billion, estimating its capitalization at $1.4 trillion even before the IPO. The company’s revenue is growing at an impressive rate, which is motivating investors.
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It is widely believed that OpenAI will raise at least another $30 billion in the near future as its listing is delayed until 2027 Bloomberg News. Excluding this amount, the startup’s capitalization would increase to $1.4 trillion. Investors are encouraged by the company’s revenue growth rate and are preparing to allocate additional funds to its capital even before the IPO, sources said.
axios released simultaneously reportOpenAI currently has annual revenue approaching $70 billion, with its growth being provided by both corporate and private customers. In August, OpenAI’s annualized revenue was estimated at about $40 billion. Much of the acceleration in revenue growth in recent months has been driven by demand for OpenAI tools, which use artificial intelligence to write code. This week, the startup revamped its subscription plans, launching a new $500-per-month plan and limiting subscribers to $200.
While being interviewed by a TV channel Burundi CEO Sam Altman explained that as a private company, OpenAI is trying to go through a period of adapting to emerging needs in the field of artificial intelligence security, so it is in no rush to go public. In this case, listed companies will be under greater pressure, which will complicate many adaptation processes. “We just want to get back on our feet and make sure we understand how to operate in this new environment and be able to make some decisions without the pressure that comes with being a newly public company.” Altman said, adding that he hoped investors would be patient with the IPO plans. This week, the company had to refuse to release its latest GPT-6.1 Astra model for widespread use due to security concerns.
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