The most recent artificial intelligence (AI) behemoth to announce ambitions to offer shares to the general public through a stock listing is OpenAI, the company behind the well-known chatbot ChatGPT.
The business’s announcement comes precisely one week after competitor AI company Anthropic announced it was also planning to go public, although the decision had been anticipated for months.
In a confidential file with the US Securities and Exchange Commission, OpenAI announced on Monday that it plans to pursue an IPO at some time in the future. Along with Anthropic and billionaire Elon Musk’s rocket business, SpaceX, which is scheduled to make its Nasdaq debut on Friday, its ambitions are the most recent in a string of significant initial public offerings.
SpaceX wants its share price to reach $1.75 trillion (£1.3 trillion). OpenAI stated, “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company.” OpenAI made its IPO ambitions public on Monday. Sunil Krishnan of Aviva Investors told the BBC’s Today show that all three companies had a “vast need for cash” and that “no one wants to be last” in the race to go public.
Also Read:
18 Top Fall Fashion Trends from New York Fashion
