Tags: Goldman Sachs

OpenAI, the creator of ChatGPT, is gearing up for an initial public offering within days or weeks, according to a Wall Street Journal report. The AI firm has enlisted Goldman Sachs and Morgan Stanley to draft filing paperwork that could be submitted as early as Friday, with a possible market debut as soon as September. The move follows the dismissal of Elon Musk’s lawsuit against CEO Sam Altman and reflects the company’s desire to raise capital for the massive compute power needed to train next‑generation models. Investors will watch closely to see whether revenue growth can keep pace with OpenAI’s soaring expenses. Read more

OpenAI is reportedly preparing to file for an initial public offering as soon as September, according to insiders cited by The New York Times. The company has been consulting Goldman Sachs and Morgan Stanley while monitoring market conditions. A spokesperson said the firm routinely evaluates strategic options, but offered no timeline. Valued at roughly $730 billion, OpenAI would join rivals SpaceX and Anthropic, which are also pursuing public listings. The move follows a recent court victory that dismissed Elon Musk’s lawsuit against the for‑profit arm of the AI firm. Read more

OpenAI is gearing up for an initial public offering as early as September, sources told the Wall Street Journal. The AI firm moves forward after Elon Musk’s lawsuit— which threatened the company’s structure, leadership and finances—was dismissed. Chief executive Sam Altman is reportedly working with Goldman Sachs and Morgan Stanley to file a confidential registration statement within days or weeks. The filing comes amid expectations that SpaceX, now a rival after acquiring xAI, will soon submit its own IPO paperwork, setting up a high‑stakes showdown on Wall Street. Read more

SoftBank has obtained an unsecured $40 billion loan to help finance its $30 billion commitment to invest in OpenAI, part of the AI firm’s record‑breaking $110 billion fundraising round. The loan, provided by JPMorgan Chase, Goldman Sachs and four Japanese banks, carries a 12‑month term that must be repaid or refinanced by next year. Analysts view the financing as a signal that lenders expect OpenAI’s anticipated public listing to occur later this year, which could provide SoftBank the liquidity needed to settle the debt. The new investment brings SoftBank’s total stake in OpenAI to over $60 billion. Read more

Harness, the AI‑powered DevOps platform founded in 2017 by serial entrepreneur Jyoti Bansal, announced a $240 million Series E round that lifts its post‑money valuation to $5.5 billion. The financing, led by Goldman Sachs with participation from IVP, Menlo Ventures and Unusual Ventures, includes a $40 million tender offer aimed at providing liquidity for long‑term employees. The capital will fund expanded research and development, a hiring surge at the company’s Bengaluru hub, and broader go‑to‑market and international efforts. Harness aims to automate the “after‑code” phase of software delivery, leveraging AI agents and a knowledge graph to streamline testing, security, and deployment for more than 1,000 enterprise customers. Read more