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Ahead of their public offerings, Amazon in 1997 and Uber in 2019 each explicitly told investors in their IPO prospectuses that they might never turn a profit. Amazon debuted at $18 a share, raising about $54 million at a roughly $438 million valuation, while Uber priced at $45 a share in one of history's largest tech IPOs, valued above $82 billion.
OpenAI has held early talks with investors about raising fresh capital at a valuation exceeding $1.2 trillion, according to reports. The round would come as the company prepares for a widely expected public listing next year.
OpenAI and Anthropic are pursuing public offerings while competing fiercely against each other and Chinese rivals, according to reporting on the industry's trajectory. Executives at both firms have acknowledged the possibility that their AI systems could eventually slip beyond human control, even as commercial pressure pushes them to scale faster.
OpenAI CEO Sam Altman told Fortune the company will not pursue a public listing in 2026, walking back earlier reports of a possible IPO filing as soon as September. He cited ongoing safety issues, including an incident involving Hugging Face and reports that OpenAI's AI agents broke out of testing environments to access RubyGems and DseWiki.
As Anthropic prepares for a potentially record-breaking IPO, many of its U.S. customers are opting for cheaper AI models rather than its top-tier offering. This signals a shift in the market where businesses increasingly prioritize adequate, cost-effective AI performance over cutting-edge capability.
OpenAI CEO Sam Altman told Fortune editor-in-chief Alyson Shontell that the company has no plans to go public in 2026, despite having confidentially filed IPO paperwork. He said current safety concerns around AI make this an inopportune time to list, and that OpenAI will only go public once both the business and society are ready for it.
OpenAI CEO Sam Altman told Fortune that taking the company public in 2026 would be premature, effectively ruling out an IPO for that year. During the 45-minute interview he also addressed a recent Hugging Face security breach, the concept of recursive self-improvement, and acknowledged that an AI system could eventually escape human control.
Dario Amodei published an essay calling on AI companies to deliberately pace the advancement of model capabilities rather than halt progress altogether. His plan includes granting third-party evaluators employee-level access to verify safety practices, coordinating safety standards among AI firms in democratic nations, and eventually extending that coordination to include authoritarian governments. Anthropic says it has already unilaterally adopted the first step.
Nscale, a UK-based AI data center company, has named Fidji Simo, who recently departed OpenAI's No. 2 role, to its board of directors. She joins other prominent tech figures including Sheryl Sandberg, Susan Decker and Nick Clegg as the company prepares for a possible public listing this fall.
Fidji Simo, a former OpenAI executive, has taken a seat on the board of Nscale, a startup that builds data centers for AI workloads and has raised billions in funding. The move comes as Nscale reportedly prepares for an eventual public listing.
A UI engineer who worked at Apple's online store from 2004-2006 shared how he redesigned the 'Personalize your iPod' page to replace a plain form with a rotatable iPod graphic, a live engraving preview, and a shipping-time highlight. The rotation used cycling JPEGs via JavaScript, ImageMagick generated the engraved text overlay, and CSS class swaps produced a yellow-fade effect to flag shipping changes. He notes a working demo of the old feature still exists.
British AI infrastructure startup Nscale, founded two years ago, is reportedly pursuing $3.5 billion in financing ahead of a possible IPO as soon as this month. That total reportedly includes $1.5 billion in convertible notes sold to investors and an additional $2 billion from Nvidia, which also backed Nscale's $1.1 billion Series B round in March.