OpenAI filed a confidential S-1 registration statement with the US Securities and Exchange Commission (SEC) on Monday, just a week after rival Anthropic filed for its own initial public offering (IPO), turning the race to build artificial intelligence into a battle for Wall Street capital.
The ChatGPT maker, valued at $852 billion (£638 billion) after a record $122 billion (£91.3 billion) funding round in March, set no listing date or share price. 'We expect it to leak, so we're just announcing it,' the company said in a blog post. Goldman Sachs and Morgan Stanley are leading the deal, with a listing possible as early as autumn.
