OpenAI, the company behind ChatGPT, confirmed that it has formally begun the process to go public on the stock market of New York. The announcement comes amid strong investor interest in the artificial intelligence sector.
The San Francisco-based firm submitted preliminary documentation to the U.S. Securities and Exchange Commission (SEC), taking the first step toward a future public offering.
What OpenAI submitted to the SEC
According to the company, the required S-1 form has already been submitted confidentially to advance with a potential stock listing.
"We have recently submitted a confidential S-1 form," the company stated while confirming the start of the process.
OpenAI explained that it decided to inform about the progress early to avoid speculation or possible leaks related to the procedure.
When could ChatGPT's company go public
Although the process has already begun, OpenAI clarified that there is still no set date to finalize the operation. The company noted that it still needs to complete various internal stages before becoming a publicly traded company.
"We have not set a timeline yet. It could take some time, as some things we want to do will certainly be easier to accomplish as a private company," the firm indicated.
For her part, OpenAI's Chief Financial Officer, Sarah Friar, downplayed the significance of a potential public offering. "It's a milestone, not a destination; it's simply another means of raising funds," she stated.
Anthropic also seeks to reach the markets
The move by OpenAI came just days after Anthropic, one of its main competitors in artificial intelligence, initiated a similar procedure.
In that case, the company clarified that any decision will depend on financial conditions and the market context at the time of proceeding.
