OpenAI barrels toward an IPO that could happen in September

The day after Elon Musk he lost his case that threatened the image, leadership, and funding of OpenAI, the AI ​​giant is ready to move forward with its initial offering, sources said. and the Wall Street Journal.

OpenAI CEO Sam Altman says he hopes his company will be ready to make an announcement by September. Developer ChatGPT has been working with IPO tech banks Goldman Sachs and Morgan Stanley, and could file IPO filings privately with regulators within days or weeks, according to the WSJ.

The news of a possible IPO for OpenAI, which by all accounts should be confusing, comes as the world awaits the public disclosure of SpaceX’s IPO documents, which are expected to appear as soon as Wednesday, according to reports. Rocket-maker SpaceX, of course, is one of OpenAI’s competitors, after all ate Elon Musk’s prototype developer, xAI.

Now that Musk has failed to skewer OpenAI, the competition he co-founded, through heart and lawsuit, it looks like the next battle of Musk vs. Altman will take place in the financial world. Which will be the biggest IPO?

OpenAI did not immediately respond to a request for comment.