WSJ: OpenAI, which defeated Musk, prepares for an IPO

Artificial intelligence company OpenAI is preparing to file an initial public offering application possibly as early as Friday, the financial magazine Wall Street Journal reports citing sources familiar with the matter.

According to the newspaper, OpenAI, the developer of the ChatGPT artificial intelligence model, has been working with investment bankers to prepare an application for an IPO, which may be submitted to the authorities in the coming days or weeks, the sources say.

The aim is that Sam Altmanin led by OpenAI would be ready for stock exchange listing already in September. However, the plans are still open and may change.

A significant obstacle was removed from the path to listing this week, when the company won a legal battle against its billionaire founder Elon Muskagainst.

Musk, whose rocket company SpaceX:n is expected to release its IPO documents on Wednesday ahead of a possible June IPO, has announced plans to appeal the decision.

However, OpenAI’s successful listing is still hampered by several problems. One of them is the question of whether the company can generate enough revenue to cover its huge data center investments.

The leading position of OpenAI, which started the artificial intelligence boom with ChatGPT, in the artificial intelligence race is under pressure from the developer of the Claude model Anthropicin from the The listing of Anthropic is also expected this year.

Anthropic has grown faster than its competition in recent months as its software tools have quickly spread to corporate employees.