todayonchain.com

OpenAI Eyes Massive $1T IPO as Early as 2026: Reuters

CoinDesk
OpenAI is reportedly targeting a massive initial public offering as early as the second half of 2026, potentially valuing the company at $1 trillion.

Summary

Artificial intelligence giant OpenAI is reportedly aiming for an initial public offering (IPO) that could value the company at up to $1 trillion, with the listing potentially occurring as early as the second half of 2026, according to sources cited by Reuters. While CFO Sarah Friar reportedly told associates the firm is aiming for a 2027 IPO, some advisors suggest an earlier timeline. A public listing would help OpenAI decrease its dependence on Microsoft, which currently holds a 27% stake following a recent recapitalization. The news comes as AI tools, popularized by OpenAI's ChatGPT, have made AI a bellwether for the tech sector, often correlating with the cryptocurrency market as both are viewed as risk-on investments. Separately, a report indicated OpenAI may have incurred a $11.5 billion loss in the last quarter, citing Microsoft's earnings.

(Source:CoinDesk)