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OpenAI 将其 2026 年的 IPO 搁置，理由是安全工作尚未完成

Sam Altman 的决定是在提交 S-1 文件后让 OpenAI 继续保持私有，并将公开市场的竞争转向 Anthropic。

By Ryan Merket · Published Sep 12th, 2026, 2:40pm CT

Primary source: Axios

为何重要

OpenAI 有足够的私人资本，可以推迟在 Wall Street 上的动作。检验的关键是 Altman 是否利用那段时间去改变安全运营，而不是仅仅延缓信息披露和流动性。

A closed financial document binder with a capped fountain pen on a polished conference table, subtly indicating a pause in corporate proceedings.

Sam Altman 排除了在 2026 年为 OpenAI 上市的可能，他在接受 Fortune 采访时表示，未完成的 AI 安全工作使得上市“是一个不明智的时刻”。“我会说 2026 年不会，嗯，”Altman 在接受 Axios 的采访中说。“我们还有很多事要做。”

该声明关闭了 OpenAI 在 6 月 8 日开启的上市窗口，当时其向美国证券交易委员会保密提交了 S-1 草案。OpenAI 当时表示尚未设定时间表，并且有些工作在私有状态下完成会更容易。三个月后，Altman 已将安全确定为优先要做的工作。…

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