OpenAI Files for US IPO a Week After Competitor Anthropic

Previous reporting showed that the AI giant is targeting an up to $1 trillion valuation in its stock market debut, which could come as early as September.

The OpenAI logo in an illustration made on May 20, 2024. Dado Ruvic/Illustration/Reuters

OpenAI confidentially filed on Monday for a U.S. initial public offering (IPO), marking the latest tech giant to move toward the stock market following rival Anthropic and Elon Musk’s SpaceX.

The company behind ChatGPT said a timeline has not been determined and did not disclose the size or terms of the offering, adding that it “may be a while because there are things ‌we want to do that are likely easier as a private company,” OpenAI said in a statement.