OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth plans.
The Sam Altman-led firm submitted paperwork for an initial public offering with the US Securities and Exchange Commission, the company said Monday. OpenAI is working with Goldman Sachs Group Inc. and Morgan Stanley on a potential listing as soon as in the fall, people familiar with the matter have said.
WATCH: OpenAI filed confidentially for an IPO with the SEC, working with Goldman Sachs Group and Morgan Stanley on a potential listing. Romaine Bostick reports on “Balance of Power.” Source: Bloomberg
Deliberations are ongoing and details of the IPO plan could change. “We have not decided on timing yet; it may ...
