OpenAI files confidential paperwork for possible IPO (opens in new tab)

OpenAI said Monday it confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission, taking the ChatGPT maker a formal step toward a possible initial public offering. The company did not disclose the size or terms of any offering and said it had not decided on timing, adding that “it may be a while” because some work may be easier while it remains private. The filing places OpenAI alongside rival Anthropic, which disclosed its own IPO filing on Jun...