‘It may be a while’: OpenAI carefully manages expectations with its much-anticipated IPO announcement

OpenAI has joined the circus of private AI companies with confirmed plans to go public. On Monday, the ChatGPT creator announced it had filed a confidential S-1 with the Securities and Exchange Committee (SEC). The document is the first step toward pursuing an IPO and stock listing. It follows in the footsteps of competitors like Anthropic and Elon Musk’s space company SpaceX, which has made AI ambitions a core focus of its prospectus. Filing confidentially allows OpenAI to provide f...