OpenAI prepares for IPO in September
Following the defeat of the lawsuit filed by Elon Musk, which threatened the structure, leadership, and finances of OpenAI, the artificial intelligence giant is preparing for its initial public offering (IPO). According to Wall Street Journal sources, the company is serious about taking this historic step. This is reported by Techcrunch.com news.
OpenAI CEO Sam Altman hopes the company will be ready for public trading by September. The creator of ChatGPT is partnering with leading tech IPO banks, Goldman Sachs and Morgan Stanley, for this process. Reports suggest that confidential documents for the IPO could be submitted to regulators within days or weeks.
This major financial move by OpenAI comes at a time when the global community is awaiting the release of IPO documents for SpaceX. SpaceX, which includes Elon Musk's xAI model, is currently one of OpenAI's main competitors.
After Musk failed to stop the company he co-founded but later left through legal action, the next battle between Musk and Altman appears to be shifting to the financial markets. For now, there is significant interest in which company's IPO process will be more successful. OpenAI has not yet provided an official comment on these reports.
