"according to Reuters, which cited people familiar with the matter. The company is thought to be looking to raise at least $60bn. A stock market float would give OpenAI another route to raising cash, supporting ambitions by the chief executive, Sam Altman, to splash trillions of dollars on building datacentres and other forms of infrastructure needed for the rapid buildout of its chatbots."
"Altman was reported to have said: I think it's fair to say it [an IPO] is the most likely path for us, given the capital needs that we'll have. An OpenAI spokesperson said: An IPO is not our focus, so we could not possibly have set a date. We are building a durable business and advancing our mission so everyone benefits from AGI."
OpenAI may consider an IPO in H2 2026, targeting a near-$1tn valuation and at least $60bn in proceeds. A public listing would fund datacentres and other infrastructure to support rapid chatbot expansion. OpenAI views an IPO as the most likely path given capital needs, while also stating an IPO is not a current focus and no date has been set. OpenAI emphasizes building a durable business and advancing AGI so everyone benefits. OpenAI was founded as a nonprofit in 2015 with a mission to safely build AGI for humanity's benefit.
Read at www.theguardian.com
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