According to the Wall Street Journal, OpenAI may delay its IPO until next year.

OpenAI, the artificial intelligence research firm, may delay its initial public offering (IPO) until next year, according to recent reports. The company, which has long been speculated to be preparing for a public listing, now faces narrowing window due to challenges.

To strengthen its corporate governance ahead of a potential IPO, OpenAI has appointed two independent board members: David Vélez, CEO of Nubank, and Robin Vince, CEO of Bank of New York Mellon. These additions bring seasoned public-market expertise to the board, which is chaired by former co-CEO of Salesforce. The board also includes a mix of other notable figures, such as retired U.S. Army General Paul Nakasone and academic Zico Kolter.

Despite these efforts, the company continues to grapple with financial losses and leadership uncertainties, factors that could influence the timing of its IPO. Investors and analysts will be watching closely as OpenAI navigates these challenges in its path toward public markets.