OpenAI, the creator of the ChatGPT chatbot, is preparing to confidentially file for an initial public offering in the coming weeks. This move could lead to one of the largest public offerings for an artificial intelligence company, intensifying the technological race.
The company has enlisted Goldman Sachs and Morgan Stanley to assist with the IPO paperwork. These discussions are private, and the exact timing for the IPO filing is still uncertain. If conditions are favorable, the IPO might occur as early as September.
“As part of normal governance, we regularly evaluate a range of strategic options,” an OpenAI spokesperson stated. “Our focus remains on execution.”
The potential IPO of OpenAI is one of the most eagerly awaited events in Silicon Valley this year. It comes alongside the anticipated public offerings of other tech giants. SpaceX, valued at over $1 trillion, is planning to enter the stock market soon. Anthropic, a competitor to OpenAI, is also taking steps toward a public offering, with its valuation reaching $900 billion.
Currently headquartered in San Francisco, OpenAI was valued at $730 billion after a recent funding round, excluding the latest investment.
This wave of IPOs could generate considerable wealth, possibly creating the first-ever trillionaires. It also promises significant gains for employees of AI companies, Wall Street banks, and other stakeholders.
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