{"id":26242,"date":"2026-05-04T04:37:10","date_gmt":"2026-05-04T04:37:10","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/26242\/"},"modified":"2026-05-04T04:37:10","modified_gmt":"2026-05-04T04:37:10","slug":"altman-faces-test-ahead-of-openai-ipo-as-musks-134-billion-suit-adds-pressure","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/26242\/","title":{"rendered":"Altman Faces Test Ahead of OpenAI IPO as Musk\u2019s $134 Billion Suit Adds Pressure"},"content":{"rendered":"

Musk lawsuit heightens legal risk
\nConcerns mount over slowing ChatGPT growth
\nWSJ says Altman risks becoming a symbol of AI uncertainty
\n\"Photo:Photo: FotoField\/Shutterstock<\/p>\n

Sam Altman, chief executive officer of ChatGPT developer OpenAI, is facing a leadership test ahead of the company\u2019s planned initial public offering, the Wall Street Journal reported on May 3. Elon Musk\u2019s roughly $134 billion lawsuit and concerns about slowing performance are colliding at a critical moment.<\/p>\n

The Journal reported that Altman had been scheduled to attend a partnership event with Amazon Web Services, the world\u2019s largest cloud provider, in late April. He did not make the appearance because he had to attend a court hearing in the lawsuit Musk filed against OpenAI, Altman and others.<\/p>\n

In a prerecorded video shown in his place, Altman said, \u201cI wish I could be with you today, but something happened that took control of my schedule away from me.\u201d<\/p>\n

The episode illustrates Altman\u2019s current predicament, the Journal said. As OpenAI pursues a listing this year, expanding legal risks are raising questions about whether he can lead the company steadily through the process.<\/p>\n

Questions are also building around OpenAI\u2019s operating performance. Rival Anthropic has been rapidly gaining market share with enterprise AI services, including coding tools. OpenAI, by contrast, missed its annual revenue target last year and failed to reach 1 billion weekly active users, a setback that has unsettled investor sentiment, according to the Journal.<\/p>\n

OpenAI\u2019s valuation has climbed to $805.2 billion ahead of the IPO. But concern is growing that Altman may not deliver results strong enough to justify that price tag, adding pressure to the listing plan.<\/p>\n

The Journal compared Altman\u2019s predicament with Musk\u2019s past near-ouster at Tesla before his dramatic comeback. Musk calmed investor concerns with electric-vehicle sales and SpaceX\u2019s reusable rocket advances. Altman, however, has yet to produce similarly visible achievements, the newspaper said.<\/p>\n

Altman co-founded OpenAI in 2015 with Musk and other Silicon Valley figures as a nonprofit. He later led its shift to a for-profit structure in 2019, attracting large investments from Microsoft and others and helping lay the foundation for ChatGPT\u2019s development.<\/p>\n

Musk left OpenAI in 2018 after disagreements with Altman\u2019s side. He claims OpenAI broke its promise to remain a nonprofit and expanded improperly, causing him harm.<\/p>\n

In the lawsuit, Musk is seeking Altman\u2019s removal from OpenAI and demanding that $134 billion in profits be returned to the nonprofit foundation.<\/p>\n

If Altman fails to build on his earlier success, the Journal said, he risks becoming a symbol of the AI industry\u2019s uncertainty: a technology that is startling, but still short on credibility.<\/p>\n

Hong Min-seong, Hankyung.com reporter mshong@hankyung.com<\/p>\n","protected":false},"excerpt":{"rendered":"Musk lawsuit heightens legal risk Concerns mount over slowing ChatGPT growth WSJ says Altman risks becoming a symbol…\n","protected":false},"author":2,"featured_media":26243,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8263,8257,3278,8255,8256,8262,8261,8259,8258,8260,3277,4637,157,7966],"class_list":{"0":"post-26242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-openai","8":"tag-bitcoin","9":"tag-bitcoincommunity","10":"tag-blockchain","11":"tag-bloomingbit","12":"tag-coincommunity","13":"tag-coininfo","14":"tag-coininvest","15":"tag-coinnews","16":"tag-coinreview","17":"tag-coinstats","18":"tag-cryptocurrency","19":"tag-ethereum","20":"tag-openai","21":"tag-solana"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/26242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=26242"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/26242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/26243"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=26242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=26242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=26242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}