OpenAI is reportedly planning to file for an initial public offering (IPO) as early as this week, according to a report by The Wall Street Journal. The ChatGPT-maker is working with Goldman Sachs and Morgan Stanley on the IPO paperwork and could confidentially file documents with the US Securities and Exchange Commission in the coming days.
Major Milestone for AI Industry
This move would mark a significant moment for the artificial intelligence industry, as investors continue to pour substantial capital into companies leading the AI boom. According to multiple reports, the Sam Altman-led AI company could begin selling shares to the public by September this year.
Legal Hurdle Cleared
The Wall Street Journal also reported that OpenAI recently cleared a major hurdle ahead of a possible public listing after a federal court rejected a lawsuit filed by Elon Musk. Musk, who co-founded OpenAI before later criticizing the company, had argued that OpenAI improperly shifted from a nonprofit mission to a for-profit structure. Musk has stated he plans to appeal the decision.
The New York Times additionally reported that OpenAI is closely monitoring stock market conditions, and the exact timing of the filing remains uncertain. A spokesperson for OpenAI told the newspaper, "As part of normal governance, we regularly evaluate a range of strategic options. Our focus remains on execution."
AI Race Accelerates
The reports come as several other AI companies are reportedly exploring public listings. Musk's aerospace company SpaceX, which earlier merged with his AI startup xAI, is also expected to reveal IPO paperwork soon, according to The Wall Street Journal.
Meanwhile, Anthropic, one of OpenAI's biggest competitors, has also been linked to IPO plans. Previous reports suggested the company is raising more than $30 billion at a valuation of around $900 billion, although it has also faced scrutiny from the Trump administration over supply chain concerns.
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