Reported about 12 hours ago
OpenAI is preparing for a potential initial public offering that could value the company at as much as $1 trillion. Initial discussions suggest they aim to raise around $60 billion, possibly even more, with a filing to regulators expected in late 2026 or 2027. This move follows a restructuring designed to reduce dependency on Microsoft and position the company for significant capital raising to support its ambitious AI infrastructure goals. The company, which began as a nonprofit, is now focused on becoming publicly traded as the AI sector flourishes in the market.
Source: YAHOO