OpenAI takes first step toward an IPO

OpenAI is reportedly preparing a confidential SEC filing for a potential IPO, with Goldman Sachs and Morgan Stanley involved.

The company may go public soon as it weighs rapid growth, heavy spending, and intensifying AI competition.

A listing could provide more capital and boost confidence in generative AI, while also raising scrutiny of profitability and infrastructure costs.

If completed, it could rank among the largest tech IPOs ever.