OpenAI, the creator of the popular chatbot ChatGPT, is intensifying preparations for its stock market debut. According to information from the Wall Street Journal (WSJ), the technology giant is moving towards an initial public offering (IPO) that could take place as early as this September. CEO Sam Altman reportedly aims for the company to be ready for this step as soon as possible.
This shift in plans comes just one day after Elon Musk failed with his lawsuit, which questioned OpenAI's organizational structure, leadership, and funding. The legal victory has freed the company to pursue further strategic steps. OpenAI is already collaborating with leading investment banks Goldman Sachs and Morgan Stanley on this matter. Confidential regulatory filings are expected within days or weeks.
OpenAI's preparation for its stock market debut coincides with the expected release of IPO documents for SpaceX, which, after merging with Musk's xAI project, has become a direct competitor to OpenAI in the field of artificial intelligence. The battle between Altman and Musk will thus likely move from courtrooms to global financial markets. Analysts anticipate that OpenAI's IPO will be among the most significant events in the technology sector in recent years.
While OpenAI continues its preparations for entering capital markets, its broader ecosystem is undergoing further personnel and technological changes. The departure of co-founder Andrej Karpathy to competing company Anthropic was recently announced. OpenAI is also striving to enhance the transparency of its models by introducing tools for verifying the origin of generated images.
OpenAI has not yet officially commented on inquiries regarding the potential IPO date. The company's valuation upon going public could reach tens of billions of dollars, making it one of the most closely watched startups of today.