ChatGPT Creator OpenAI may soon go public in a major market move

OpenAI, the creator of ChatGPT, is preparing to file for an initial public offering in the coming days or weeks, according to a report released Wednesday. The Wall Street Journal. People familiar with the matter told the publication that the AI ​​company, led by CEO Sam Altman, is actively working with bankers in preparation for filing the application.

OpenAIGoogle’s popular chatbot continues to shape public perception of artificial intelligence, despite strides made by competitors like Google’s Gemini and Anthropic’s Claude. ChatGPT, which relies on a large language model trained to mimic human typing, remains the most widely used, but it’s not the only game in town.

Goldman Sachs and Morgan Stanley are helping OpenAI draft IPO documents and may submit them to regulators on Friday, according to The Journal.

On Monday, the jury rejected all of V.’s claims A lawsuit filed by Elon Musk against AltmanThis paved the way for IPO talks.

The Journal reported that OpenAI could make its public debut in September, but the plan could change. Whether the company will be able to generate enough revenue to support its spending is uncertain and may concern potential investors.

An OpenAI representative did not immediately respond to a request for comment.

(Disclosure: Ziff Davis, the parent company of CNET, in 2025 filed a lawsuit against OpenAI, alleging that it infringed Ziff Davis’s copyrights in training and operating its AI systems.)

Pivotal moment

OpenAI’s IPO is a high-risk event: opening its books to the public presents both opportunities and risks. Selling shares could raise billions of dollars and receive a lot of interest and capital, which in turn could fund the massive computing power needed to train next-generation AI models.

“OpenAI is one of the rare private companies whose products are used daily by hundreds of millions of users,” says an assistant professor of finance at Cornell University. Minmo Gang. “This type of household name recognition could generate significant retail demand and support a richer valuation than fundamentals alone might justify.”

At the same time, hype around artificial intelligence is at an all-time high. Public companies must regularly disclose their financial records, and investors could panic if revenue growth doesn’t keep up with OpenAI’s astronomical operating and infrastructure expenses. If a stock debuts at an overpriced price, even a minor setback could cause the stock to collapse.

Going public with these products also requires scrutiny and oversight by regulatory agencies, such as the Securities and Exchange Commission, which can uncover hidden liabilities or lawsuits related to data privacy or copyright issues.

There is a push in the general market between SpaceX and Anthropic as well. The timing of OpenAI’s public offering represents a sprint to leverage public capital and set Wall Street’s valuation rules for the entire AI sector. The main bottleneck in the AI ​​race is computing power – the physical servers, chips and data centers required to train and run AI models and systems.