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ChatGPT maker OpenAI has confidentially filed for a US initial public offering recently, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom.
ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, making itself the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.
Alongside the IPO announcement, OpenAI chief executive officer Sam Altman published a lengthy post outlining the company's vision for the next phase of AI development, arguing that artificial intelligence should be broadly distributed rather than controlled by a handful of companies or governments.
OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.
OpenAI, the creator of ChatGPT, confidentially filed for an initial public offering IPO on Tuesday. The move positions the artificial intelligence firm for a highly anticipated stock market debut. It also sets up a substantial payout for the company's early financial backers.