OpenAI files for IPO, the latest in a stream of possible AI mega-sales | CNN Business

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors. The decision comes just after OpenAI’s chief rival Anthropic announced plans to go public and ahead of SpaceX’s planned Friday debut. The three listings are expected to tally as much as hundreds of billions of dollars in massive sales, both an opportunity for everyday investors to buy into some of the buzziest AI startups and a major test of the market’s appetite for AI firms. OpenAI said it has not decided on timing yet. And because the filing is confidential, it’s not yet clear how many shares the company plans to sell or at what price. “It may be a while because there are things we want to do that are likely easier as a private company,” it said in a post on its newsroom page. But the company said the filing “gives us the option to go public sooner if that ends up being best.” The transition to a public company will give Wall Street a window into OpenAI’s finances as the company pours billions into AI infrastructure and computing resources. Investors dumped tech stocks