Fortune vs Future

OpenAI CEO Says IPO in 2026 Ill-Advised

OpenAI will not go public in 2026, according to CEO Sam Altman. In an interview, he cited the intense debate over AI safety risks and the need to stabilize growth and cost structure before facing public markets. The decision follows OpenAI's confidential IPO filing with the SEC in June. The company is valued at over $852 billion, having raised $122 billion in March 2026 and $7 billion in an employee stock sale in August. Despite strong revenue growth to an annualized $40 billion, profitability remains elusive, and OpenAI invested about $50 billion in computing power in 2026. Competitor Anthropic, valued at $965 billion, is also preparing an IPO. OpenAI's unique governance structure adds complexity. A listing is now likely only in 2027 or later.

• OpenAI CEO Sam Altman confirmed the company will not go public in 2026, citing safety concerns and business readiness.
• OpenAI has filed confidentially for an IPO with the SEC.
• OpenAI was valued at approximately $852 billion in a March 2026 funding round, having raised $122 billion.

OpenAI lets staff escalate bureaucracy to executives

OpenAI operates a dedicated internal email channel that allows employees to report bureaucratic bottlenecks directly to senior leadership. According to Fortune, incoming messages are reviewed by managers and — when relevant — escalated to CEO Sam Altman or President Greg Brockman. The channel covers issues from technical failures to everyday office problems; examples cited include a parking-priority pilot and a reworked API credit allocation process. Fidji Simo formalized the process in fall 2025, introduced monthly Slack updates, and tasked Irina Kofman with monitoring the inbox; Simo later left the company for health reasons in July 2026. While some former staff praise the unfiltered feedback loop, critics say top-down prioritization can disrupt already-overloaded teams. The system is presented as a deliberate measure to reduce internal friction and preserve development speed.

• OpenAI maintains a dedicated internal email address for reporting bureaucratic bottlenecks directly to leadership.
• Messages are reviewed by managers and, when relevant, escalated to CEO Sam Altman or President Greg Brockman.
• Fidji Simo formalized and structured the 'friction' process in fall 2025 and introduced monthly Slack updates; she left OpenAI in July 2026 for health reasons.

Best Buy refits stores for Ray-Ban Meta AI glasses

Best Buy is rolling out 30-by-30-foot Ray-Ban Meta shop-in-shops in select stores as part of a broader effort to position itself as a destination for AI-enabled consumer hardware. The retailer plans to have 50 stores selling the new Ray-Ban Meta frames by the end of the year and aims to expand to around 200 or more stores by the end of next year. Since launching smaller displays in 100 stores last October, more than 175,000 customers have completed in-store demos. Best Buy has reorganized store layouts (a “reflow”) to centralize computing and free up flexible perimeter space for experiential displays, and trained 300 associates in weeklong sessions to support customer demos and address questions including privacy and safety concerns.

• Best Buy is deploying new 30-by-30-foot Ray-Ban Meta shop-in-shops in select stores.
• Best Buy plans to have 50 stores selling the new Ray-Ban Meta frames by the end of the year, and hopes to increase that to as many as 200 or more by the end of next year.
• Since launching smaller displays in 100 stores last October, more than 175,000 customers have completed a demo in a Best Buy store.

Future Signs the UK Government Cyber Pledge

Future has signed the UK Government Cyber Pledge, a commitment to enhance cybersecurity practices.

Appointment of new Independent Non-Executive Directors

Future plc announces the appointment of new independent non-executive directors.