Sam Altman-led OpenAI is preparing to file for IPO soon: Report
OpenAI is reportedly planning to file 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 IPO paperwork and could confidentially file documents with the US Securities and Exchange Commission in the coming days. The move would mark a major moment for the AI industry, as investors continue to pour money into companies leading the AI boom. As per multiple reports, the Sam Altman-led AI company could begin selling shares to the public by September this year.
According to The Wall Street Journal, OpenAI has recently cleared a major hurdle ahead of a possible public listing after a federal court rejected a lawsuit filed by Elon Musk.
