Florida has filed a lawsuit against OpenAI and CEO Sam Altman, alleging the company prioritized profit over safety in connection with the 2025 Florida State University shooting. The lawsuit claims that chat logs between the suspect and ChatGPT were involved in planning the attack. Florida Attorney General James Uthmeier initiated a criminal investigation into OpenAI in April 2026, and victim-family attorneys have also filed a federal civil suit against the AI company. OpenAI denies any wrongdoing, asserting that ChatGPT did not promote illegal activities. The legal action raises concerns about OpenAI's IPO timeline, with market pricing reflecting potential delays. Current market sentiment shows a 0.9% probability of a June 30, 2026 IPO, unchanged from the previous day, while the probability for a December 31, 2026 IPO has slightly decreased to 71%. The valuation market for OpenAI reaching $2.5 trillion by year-end shows a marginal increase to 24.5%.