OpenAI files to go public as IPO race heats up

OpenAI has confidentially filed paperwork to go public, the company announced Monday.

It is one of three leading AI companies preparing for an initial public offering (IPO), alongside SpaceX and Anthropic, which have both filed with the Securities and Exchange Commission (SEC) in recent months.

The company said in a post on X it “recently submitted” the filing, but did not give specific details on the exact day. Reports earlier this year indicated it could happen as soon as this fall. 

“We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” the company wrote in its announcement on X Monday. “But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”

 OpenAI was most recently valued at $852 billion.

The ChatGPT maker said it chose to share the confidential filing as it “expect[ed] it........

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