tech
OpenAI barrels toward IPO that may happen in September
A day after Elon Musk lost his lawsuit that threatened OpenAI's structure, leadership, and finances, OpenAI is reportedly back to prepping for its IPO.
TL;DR
- OpenAI is preparing for an initial public offering (IPO).
- CEO Sam Altman aims for the company to be ready to go public by September.
- OpenAI is working with investment banks Goldman Sachs and Morgan Stanley.
- The company may file IPO paperwork confidentially with regulators soon.
- This news follows Elon Musk's loss in a lawsuit against OpenAI.
- SpaceX, a competitor of OpenAI, is also expected to file for its IPO soon.