ChatGPT's Parent Might Not Get An IPO Anytime Soon: 'I Don't Want To Be Sued,' CEO Sam Altman Says

Microsoft Corp MSFT-backed OpenAI, the company behind ChatGPT, has no plans to go public soon, CEO Sam Altman said at a conference in Abu Dhabi.

"When we develop superintelligence, we are likely to make some decisions that most investors would look at very strangely," Reuters cites Altman.

"I don't want to be sued by ... public market, Wall Street etc., so no, not that interested," he said in response to a question on whether he will take OpenAI public.

Also Read: What's Going On With Microsoft Stock Tuesday

OpenAI has raised $10 billion from Microsoft at a valuation of almost $30 billion.

The ChatGPT parent started as a non-profit organization but later created a hybrid "capped-profit" company that allowed it to raise external funds.

Altman is on a whirlwind tour worldwide, meeting heads of state of several countries, and was in the United Arab Emirates on Tuesday. He looks to travel next to Qatar, India, and South Korea.

Altman and many prominent scientists involved with building their artificial intelligence capacities have warned against impending threats, particularly content-creating generative AI like ChatGPT, demanding regulation.

While in Europe, he drew controversy for criticizing planned laws on AI. OpenAI later switched the view.

Altman expressed conviction in AI's growth and opportunities, bringing together images, audio, video, text, and computer programming.