OpenAI Targets $1 Trillion Valuation in IPO

OpenAI is an artificial intelligence research and deployment company that develops some of the world's most advanced generative AI models, including ChatGPT, with a stated mission to ensure that artificial general intelligence benefits all of humanity. The company is focused on developing advanced AI models and building a durable business to finance its long-term research goals and infrastructure plans.

OpenAI is reportedly laying the groundwork for an IPO, which could bring its valuation to $1 trillion. The company is considering a public listing as soon as the second half of 2026, with preliminary discussions suggesting a capital raise of $60 billion or more.

OpenAI, headquartered in San Francisco, California, United States, was founded in 2015 by Andrej Karpathy, Durk Kingma, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman, Pamela Vagata, Sam Altman, Trevor Blackwell, Vicki Cheung, and Wojciech Zaremba. In 2019, the company joined the unicorn club. "An IPO is not our focus, so we could not possibly have set a date," an OpenAI spokesperson said. "We are building a durable business and advancing our mission so everyone benefits from AGI."