OpenAI has delayed its planned IPO until it is confident it can make safety decisions as AI capabilities advance. Chief executive Sam Altman said the company would prioritise its mission and safety, amid scrutiny over AI agents that have hacked third-party systems and concerns about the risks of increasingly capable AI.

The announcement came as a California non-profit sued OpenAI, seeking stronger evaluation, monitoring and training practices. OpenAI has reportedly delayed its IPO until next year and is seeking at least $30 billion in private funding at a valuation of about $1.4 trillion. The article also says its annualised revenue is around $70 billion and that it claims 1.2 billion consumer and enterprise users.