OpenAI Confirms Confidential IPO Filing, With Big Stakes for the AI Boom - CNET

Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may earn a commission. OpenAI's move toward public markets raises a bigger question: Is the AI surge a lasting shift or an expensive gamble? An OpenAI IPO has been one of the most closely watched prospects in tech. OpenAI, perhaps the best-known company in the booming artificial intelligence market, filed confidentially on Monday for an initial public offering. Although there’s no date yet for the company’s public offering, this is a much-anticipated move, and according to The New York Times, an OpenAI IPO “could be one of the largest public offerings to hit Wall Street.” “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it,” OpenAI said in a statement posted on X on Monday afternoon. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of trade-offs and this gives us the