OpenAI confidentially files for US IPO as AI boom drives investor frenzy
Key takeaways
- By: FRANCE 24 Illustration of the logo of Chat GPT, produced by Open AI.
- OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined.
- Elon Musk's SpaceX was the first off the block, filing for an IPO that would rank as the largest in history if completed, with the company pursuing a $75 billion offering at a $1.75 trillion valuation.
Why this matters: an international story with cross-border implications worth tracking.
Chat GPT maker Open AI has confidentially filed for a US initial public offering, the company said on Monday, joining rivals such as Anthropic in a race towards public markets amid surging investor interest in artificial intelligence. The firm did not disclose terms or timing.
By: FRANCE 24 Illustration of the logo of Chat GPT, produced by Open AI. © Sebastien Bozon, AFP Chat GPT maker Open AI confidentially filed for a US initial public offering recently, the company said on Monday, joining rival Anthropic in a push towards the stock market as investors seek exposure to the artificial intelligence boom.
OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement. Reuters had reported that the AI giant is targeting a valuation of up to $1 trillion in a stock market debut that could come as early as September.