"The AI lab has begun informal talks with Wall Street banks and hired new finance executives to prepare for the listing, according to a report from The Wall Street Journal. Representatives for OpenAI did not immediately respond to a request for comment from Fortune. But while the company is currently valued at $500 billion, it has said it doesn't expect to turn a profit until 2030."
"The timing of OpenAI's IPO also comes as some investors are beginning to question whether generative AI can deliver returns that justify the trillions being poured into the sector. Despite the hype around ChatGPT and similar tools, concerns are mounting that AI companies may struggle to make enough money from their technology to cover their massive infrastructure costs.OpenAI may be contemplating an IPO before the end of the year"
"To date, with the exception of AI chip company Nvidia and some of the so-called neocloud companies such as CoreWeave, there have been relatively few pure play AI companies in the public market. Most of the ways to play the AI boom have come from investing in hyperscalers, such as Alphabet and Microsoft, that have long-standing advertising, cloud and software businesses, with which their AI offerings are interwoven."
OpenAI is preparing for a possible fourth-quarter 2026 initial public offering, holding informal talks with Wall Street banks and hiring finance executives. The company is valued at $500 billion and does not expect to be profitable until 2030. Investors are increasingly questioning whether generative AI can deliver returns sufficient to cover massive infrastructure costs. Anthropic projects break-even around 2028, offering a faster path to profitability. OpenAI may seek to IPO earlier to capture retail demand and market share. Few pure-play AI companies are public; most AI exposure comes through hyperscalers and select chip and neocloud firms.
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