Trump slams AI skeptics as Altman pauses OpenAI IPO plans over safety concerns

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-13 • Permanent link

Vehemently, US President Donald Trump criticized critics of artificial intelligence on Sunday, branding them "negative" forces. Trump's comments came after OpenAI CEO Sam Altman announced his company's pause on plans to go public through an initial public offering (IPO). The IPO, which was valued at over $50 billion, was expected to be one of the largest tech listings in history. However, concerns over the safety and ethics of AI development have led investors to question the timing of the IPO.

Evidently, the pause in OpenAI's IPO plans has sent shockwaves through the tech industry. Investors are now wondering if the delay will have a ripple effect on other companies in the AI space. The pause also raises questions about the regulatory environment for AI development in the US. With the Biden administration's focus on AI safety and ethics, it remains to be seen how this will impact the industry's growth and development.

Historically, the development of AI has been marked by periods of rapid growth and subsequent regulatory scrutiny. The 1950s saw the emergence of the first AI programs, while the 1970s and 1980s saw the rise of expert systems. More recently, the development of deep learning algorithms has led to significant advances in AI capabilities. However, these advances have also raised concerns about job displacement and the potential for AI to be used for malicious purposes.

Rumors are already circulating about the potential risks and opportunities associated with OpenAI's pause. Some experts believe that the delay may provide a much-needed opportunity for the industry to re-examine its priorities and develop more responsible AI practices. Others, however, warn that the pause may lead to a loss of momentum and delay the development of AI capabilities. As the situation continues to unfold, investors and policymakers will be watching closely for any further developments.