What ChatGPT maker OpenAI's IPO plans mean for the future

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OpenAI, the creator of ChatGPT, filed confidentially for a public listing on Monday, following a similar filing by rival Anthropic last week, as AI developers compete to cash in on surging investor interest in artificial intelligence.It is the first step to start gauging investor interest in what would probably be one of the biggest IPOs in history.“There are things we want to do that are likely easier as a private company,” OpenAI said in a statement.

“But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”The company didn’t disclose any details about the terms of the listing, target valuation or the money it is looking to raise.OpenAI was last valued at $852 billion.When a private company plans to list on a public market, the S-1 is the initial filing the company submits to the U.S.

Securities and Exchange Commission.Both OpenAI and Anthropic filed the S-1 “confidentially,” without divulging sensitive information.OpenAI is working with Goldman Sachs and Morgan Stanley on the potential listing.Founded a decade ago, OpenAI kicked off the modern AI boom with the release of ChatGPT in 2022.

The chatbot, capable of conversing in natural language, captivated global audiences and has since developed advanced coding, voice interaction and image generation capabilities.It has more than 900 million users a week.Why is OpenAI listing? Having shares listed on a stock market could give it access to much-needed capital to grow and compete.

Its rival Anthropic has blown past it since December thanks to the wild success of its agentic coding assistant, Claude Code.While Anthropic focused on selling its chatbot to enterprises, OpenAI built its chatbot for the mass market and invested in multiple disparate initiatives, including video generation and shopping.Earlier this year, the company shut down or delayed sever...