OpenAI files confidential SEC paperwork for IPO, timing undecided
By
Associated Press
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
OpenAI has filed confidential paperwork with the SEC for an IPO, signaling its intention to eventually go public. The company acknowledged the filing would likely leak and preemptively announced it, but stated no final decision on timing has been made, noting there are advantages to remaining private for now. This makes OpenAI the third major AI company pursuing a Wall Street debut.
Key quotes
· 2 pulledWe expect it to leak so we're just announcing it.
We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company.
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