Key facts
- OpenAI has confidentially filed for a U.S. initial public offering.
- The filing follows a similar move by rival AI firm Anthropic.
- OpenAI has not yet determined a timeline, size, or terms for the offering.
- The company is reportedly targeting a valuation of up to $1 trillion.
- ChatGPT has over 900 million weekly active users and 50 million subscribers.
- OpenAI is generating $2 billion in monthly revenue.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market amid strong investor interest in artificial intelligence. The company stated that a timeline for the offering has not yet been determined, and that some objectives may be easier to pursue as a private entity.
OpenAI is reportedly targeting a valuation of up to $1 trillion, which would position it among a trio of high-valuation companies to debut publicly recently. The AI firm disclosed earlier this year that ChatGPT had over 900 million weekly active users and more than 50 million consumer subscribers, and that it was generating $2 billion in monthly revenue.
The IPO filing follows renegotiations of its partnership with Microsoft and the establishment of new partnerships with Amazon and Google. OpenAI's unusual nonprofit-turned-for-profit structure and a lawsuit filed by Elon Musk, which was recently dismissed by a jury, were seen as potential hurdles that have now been cleared.