OpenAI, the 'startup' behind ChatGPT, has taken the first step to become publicly traded by confidentially submitting the necessary documentation to the U.S. Securities and Exchange Commission (SEC) for its stock market debut. However, the firm led by Sam Altman has made it clear that it has not yet finalized the schedule for its debut on the stock exchange and that it could be delayed.
"We recently filed a confidential S-1. We anticipate it will be leaked, so we are announcing it," the company confirmed in a statement issued under the Securities Act of 1933, insisting that this communication does not in any way constitute an offer to sell or a solicitation of an offer to buy shares.
"We have not yet decided on a date; it could be delayed, as there are aspects we want to address that will likely be simpler as a private company," OpenAI warned, viewing the initiation of the procedure as a way to access the stock market more quickly if at any point it considers it the most suitable alternative.
The announcement of OpenAI's confidential filing comes just days after Anthropic, developer of AI models such as Claude and Mythos, announced that it had completed the same process with a view to its own stock market debut. SpaceX, the aerospace and artificial intelligence company led by Elon Musk, which is also considering making the leap to the market, could join this move this very week.
In April, OpenAI raised $122 billion (€105.795 billion) in its latest funding round, led by Amazon, Nvidia, and SoftBank, a transaction that valued the 'startup' at $852 billion (€738.834 billion).