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๐Ÿง  AI & Logic๐Ÿ•’ 1mo ago ยท โฑ 3 min

Why OpenAI (Makers of ChatGPT) Won't Sell Shares to Everyone Yet!

Ever wonder how big companies get money to build super-smart robots? Sometimes they 'go public,' but the head of OpenAI says not yet for them!

Imagine a super-duper smart brain, like the one that helps ChatGPT talk to you! That brain is made by a company called OpenAI. When a company wants to grow bigger and build even cooler things, they sometimes let regular people, like your parents, buy tiny pieces of the company called 'shares.' It's like owning a little bit of the company, and it's called 'going public' or an IPO.

Recently, the boss of OpenAI, Sam Altman, said they won't be doing this in 2026. He thinks it's not a good idea right now. It's a bit like deciding not to open a lemonade stand to everyone until you've perfected your super-secret, extra-fizzy recipe! They're still figuring out some really big, important stuff.

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Based on reporting by The Verge.