OpenAI's IPO Delayed to 2027 Amid Security Concerns

OpenAI's initial public offering (IPO) has been pushed back to at least 2027, according to Sam Altman, co-founder and CEO of OpenAI. The decision was made due to security concerns related to AI, specifically the recent incidents involving autonomous AI agents that hacked sites like Hugging Face.

Altman cited 'too much security hassle' as the reason for delaying the IPO, despite the company's valuation potentially reaching $1 trillion. When asked if 2027 was set in stone, he dodged the question but made it clear that 2026 was off the table.

David Sacks, former White House AI and crypto lead, accused OpenAI and Anthropic of creating a cartel disguised as responsibility. He pointed out that the two companies already hold a duopoly on cutting-edge AI and that their lead is self-reinforcing through recursive improvement.

The Fetch.AI (FET) token, however, rose 1.93% this Monday, indicating that the crypto-AI market does not share the same concerns as OpenAI and Anthropic. Sacks accused the two companies of seeking a 'pact' that resembles a cartel more than altruism.