ChatGPT's Parent Might Not Get An IPO Anytime Soon: 'I Don't Want To Be Sued,' CEO Sam Altman Says
Portfolio Pulse from Anusuya Lahiri
OpenAI, the Microsoft-backed company behind ChatGPT, has no plans to go public soon, according to CEO Sam Altman. OpenAI has raised $10 billion from Microsoft at a valuation of almost $30 billion.
June 07, 2023 | 12:05 pm
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Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public soon, according to CEO Sam Altman.
Microsoft has invested $10 billion in OpenAI, but the news of no immediate plans for an IPO does not directly impact Microsoft's stock price in the short term. However, it is relevant to Microsoft as an investor in OpenAI, but the importance is moderate as it is just one of Microsoft's many investments.
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