ChatGPT Creator OpenAI Could Go Public Soon in Major Market Move
OpenAI is reportedly planning to become a publicly traded company as soon as September.
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OpenAI, the creator of ChatGPT, is preparing to file for an initial public offering in the coming days or weeks, according to a report Wednesday by The Wall Street Journal. People familiar with the matter have told the publication that the AI company, led by CEO Sam Altman, is actively working with bankers in preparation for the filing.
OpenAI's popular chatbot continues to shape public perception of AI, despite strides made by competitors such as Google's Gemini and Anthropic's Claude. ChatGPT, which relies on a large language model trained to mimic human writing, remains the most widely used, but it's far from the only game in town.
Both Goldman Sachs and Morgan Stanley have been assisting OpenAI in drafting IPO documentation and may file it with regulators as soon as Friday,...
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