OpenAI files for US IPO, but says it still has things it wants to do while private

OpenAI has confidentially filed for a US initial public offering.

The generative AI company did not disclose the size or terms of the offering.

– OpenAI

"We recently submitted a confidential S-1," OpenAI said in a statement.

"We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best."