OpenAI Readies IPO With Goldman, Morgan Stanley Advising

OpenAI, the creator of ChatGPT, has risen from a research lab to a private valuation above $80 billion after multiple funding rounds. Its generative AI models power products used by millions of consumers and enterprises. The AI sector has attracted strong public‑market interest, as shown by the recent moves of major tech peers. Microsoft (MSFT) closed at $420.15, up 1.2% on the session, giving it a market cap of roughly $3.1 trillion. Nvidia (NVDA) ended at $875.30, up 0.9%, with a market cap near $2.2 trillion. Alphabet (GOOGL) traded at $165.40, up 0.5%, valued at about $1.8 trillion. These figures illustrate the scale investors assign to AI‑enabled businesses.

Sources familiar with the matter say OpenAI’s draft prospectus could be submitted to the SEC as soon as Friday. Goldman Sachs and Morgan Stanley are leading the preparation effort, handling documentation and investor outreach. In a brief statement, OpenAI noted, “We regularly evaluate a range of strategic options. Our focus remains on execution.” The filing would mark the first major AI‑pure play to go public in the United States.

An IPO would give OpenAI access to public capital for further research, data‑center expansion, and talent acquisition. Investors would obtain a direct vehicle to bet on generative AI, a segment that has driven much of the recent rally in tech stocks. The offering could also set a pricing benchmark for other private AI firms considering similar moves.