OpenAI prepares for IPO — largest AI listing ever, target $850B
TL;DR
OpenAI plans a confidential SEC IPO filing this Friday, targeting September listing at $850B+ valuation. Goldman and Morgan Stanley underwriting. Musk's lawsuit dismissed as too late.
OpenAI plans to confidentially file IPO papers with the SEC as soon as Friday, targeting a September listing at $850B+ valuation. Goldman Sachs and Morgan Stanley underwriting.
Musk had earlier sued OpenAI for «abandoning the nonprofit mission», but last week the jury ruled the suit was filed too late — legal hurdles cleared.
OpenAI is also racing to beat Anthropic to public markets — after the news, prediction platforms showed OpenAI's «first to IPO» odds rising to 83%.
OpenAI was founded in 2015 as a nonprofit. Now reorganized into a for-profit structure and heading to IPO — far from the original «benefit humanity» mission.
via CNBC / WSJ
Musk had earlier sued OpenAI for «abandoning the nonprofit mission», but last week the jury ruled the suit was filed too late — legal hurdles cleared.
OpenAI is also racing to beat Anthropic to public markets — after the news, prediction platforms showed OpenAI's «first to IPO» odds rising to 83%.
OpenAI was founded in 2015 as a nonprofit. Now reorganized into a for-profit structure and heading to IPO — far from the original «benefit humanity» mission.
via CNBC / WSJ
