Sam Altman, CEO of OpenAI, says his time running Y Combinator from 2014 to 2019 taught him a fundamental lesson about power: you can advise and set guardrails, but you cannot command. He applies this consultative governance principle to OpenAI’s current challenges, navigating between demands from governments, commercial partners, researchers, and the public. Altman confirmed that OpenAI will not pursue an IPO in 2026, arguing that the world has not yet established the regulatory and ethical infrastructure needed for a company like OpenAI to responsibly go public. The November 2023 board crisis, in which Altman was briefly ousted before being reinstated days later, exposed deep fractures in the organization’s governance structure, which has since been restructured.
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