In the fast-paced world of tech giants, OpenAI is playing it cool when it comes to going public. The company’s CFO, Sarah Friar, recently made waves at the Wall Street Journal’s Tech Live conference by definitively stating that an Initial Public Offering (IPO) is not currently on their radar.

Despite previous speculation and reports suggesting OpenAI might be eyeing a potential $1 trillion public offering as early as next year, Friar was crystal clear: “We’re not getting ready for an IPO. IPO is not on the cards right now”. The tech world has been buzzing with anticipation, given the potential magnitude of an OpenAI public debut.

This announcement comes on the heels of some significant corporate moves. OpenAI recently finalized its restructuring as a public benefit corporation under a nonprofit foundation’s oversight. Additionally, the company sealed a massive $38 billion cloud storage deal with Amazon Web Services, signaling continued strategic growth.

Investors and tech enthusiasts have been eagerly watching the AI landscape, particularly given the limited number of AI-focused stocks available for trading. Companies like Nvidia have already reaped substantial benefits from the AI boom, becoming the world’s first $5 trillion company.

OpenAI’s cautious approach reflects a broader strategy of building a “durable business” and advancing their mission of making Artificial General Intelligence (AGI) beneficial for everyone. The company seems more focused on technological development and strategic partnerships than rushing toward a public offering.

As the AI industry continues to evolve at a breakneck pace, OpenAI’s decision to hold off on an IPO suggests a commitment to long-term growth and innovation over immediate financial gains. For now, tech investors and AI enthusiasts will have to be patient and watch how this groundbreaking company continues to shape the future of artificial intelligence.

The tech world moves fast, and OpenAI’s trajectory is a testament to the dynamic and unpredictable nature of innovation in the 21st century.