OpenAI has filed confidential paperwork for an IPO, signaling its intent to go public. The company, valued at $852 billion, is the third major AI firm to pursue a public listing.
- OpenAI filed confidential IPO paperwork with the SEC on Monday. - CEO Sam Altman previously described an IPO as the "most likely path" for the company.
- The company reorganized into a public benefit corporation last year to prepare for a public offering. - CFO Sarah Friar said the company is already operating with public company discipline.
The move positions OpenAI alongside SpaceX in the race to Wall Street, though no timeline has been set for the IPO.