“We recently filed a confidential S-1 form. We expected it to leak, so we decided to announce it directly. We have not yet set a timetable; this could take some time, as some initiatives we wish to pursue are probably easier to carry out as a privately held company,” OpenAI announced on its official website on Monday.
With a valuation of around $850 billion in 10 years, the AI giant noted that this is nonetheless a complex set of trade-offs, and this move gives us the possibility of going public earlier if that proves to be the best option.
This announcement, OpenAI adds, “is made in accordance with Rule 135 of the Securities Act of 1933, as amended, and does not constitute an offer to sell or a solicitation of an offer to buy securities.”
For reference, OpenAI’s direct competitor Anthropic has taken an important step toward a potential IPO by recently announcing that it has confidentially submitted an S-1 filing to U.S. authorities.
