OpenAI eyes trillion-dollar IPO amid global AI arms race: Report
Summary
Artificial intelligence company OpenAI is reportedly preparing for an Initial Public Offering (IPO) by late 2026, potentially achieving a $1 trillion valuation and raising $60 billion, according to sources cited by Reuters. This timeline suggests a public debut in the second half of 2026, earlier than a previously mentioned 2027 target. However, an OpenAI spokesperson stated there is no set date, as the company's main focus remains advancing its mission to develop artificial general intelligence (AGI). This potential offering highlights significant institutional interest in AI development, especially after OpenAI reached a $500 billion valuation in October 2024 through secondary share sales. Separately, the report notes that in a niche area, Chinese AI models like DeepSeek briefly outperformed OpenAI's ChatGPT in autonomous crypto trading competitions, with DeepSeek achieving a positive return while ChatGPT-5 incurred a significant loss.
(Source:Cointelegraph)