What Happened
Artificial Intelligence Leader Heads to Public Markets
OpenAI, the maker of ChatGPT, has confidentially filed for a US initial public offering, joining rival Anthropic in a push toward the stock market. The AI giant is targeting a valuation of up to $1 trillion, which would make it one of the largest IPOs in history. OpenAI’s IPO filing follows a $110 billion funding round and a renegotiated partnership with Microsoft. The company’s unusual structure and rapid growth have drawn scrutiny, but a recent court ruling has removed a key overhang on the IPO. This development was reported by Reuters.