OpenAI confidentially files for IPO, signaling major public debut for SF AI company

SAN FRANCISCO -- OpenAI, based in San Francisco, has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.

The company said it has not decided on timing yet. The announcement comes just after OpenAI's chief rival Anthropic announced plans to go public.

MORE: Anthropic sues Trump administration seeking to undo 'supply chain risk' designation

The transition to a public company will give Wall Street a window into OpenAI's financial data as the company has been pouring billions into Artificial Intelligence infrastructure and computing resources.

This story is developing.

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