OpenAI delays IPO over AI safety concerns

OpenAI has pushed its IPO to next year and is in talks with investors to raise $30 billion or more at a valuation of about $1.4 trillion. On Monday it canceled the planned release of its latest model, citing safety concerns, while facing agent-related lawsuits and new legal claim risks. People familiar say annualized revenue has grown more than 70 percent since GPT-5.6 launched in July, now around $70 billion.

Why it matters: OpenAI delayed its IPO to next year and is negotiating a new private round, with agent lawsuits and model-release safety concerns as the backdrop to its commercial expansion.