OpenAI Moves Toward IPO as ChatGPT Fuels Public Market Push

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