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ChatGPT creator OpenAI has confidentially filed for an initial public offering in the US, becoming the third major AI company this year to set up plans for a Wall Street debut.<\/p>\n
OpenAI posted<\/a> to X on Monday that it filed confidential paperwork with the US Securities and Exchange Commission, but had not decided when it would launch to the public.<\/p>\n \u201cWe expect it to leak so we\u2019re just announcing it,\u201d the company wrote. \u201cWe 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.\u201d<\/p>\n It comes as rival Anthropic announced on June 1 that it was pursuing an IPO, while SpaceX, Elon Musk\u2019s rocket-building company that owns Grok creator xAI, is expected to debut<\/a> in the US on Friday.<\/p>\n The last 12 months have seen a number of blockbuster IPOs amid a tech investment boom. Multiple crypto companies, such as stablecoin issuer Circle and trading platforms eToro and Bullish, raked in billions of dollars after going public last year.\u00a0<\/p>\n In a blog post<\/a> accompanying OpenAI\u2019s announcement, company co-founder and CEO Sam Altman and chief scientist Jakub Pachocki said one of OpenAI\u2019s main goals is to build an AI system that can research AI technology to improve itself.<\/p>\n Source: <\/em>Sam Altman<\/em><\/a><\/p>\n Anthropic said on Thursday that AI development has advanced<\/a> to the point that AI could soon build, train and improve itself without human input, and said development should slow until the risks are known.<\/p>\n Altman and Pachocki said the economy \u201cis beginning to reshape around AI,\u201d and questioned how to make \u201cadvanced AI abundant, affordable, safe, useful, and easy enough for every person and organization to benefit from it.\u201d<\/p>\n Related: <\/strong><\/em>Worldcoin is overlooked bet on AI IPO wave: Maelstrom<\/strong><\/em><\/a><\/p>\n \u201cA good AI future cannot be one where a small number of institutions control most of the capability and most of the upside,\u201d they wrote. \u201cIt should be a future where many people, companies, communities, and countries can build, benefit, and hold power.\u201d<\/p>\n Companies have cited that productivity gains from AI have allowed them to cut down on staffing, and nearly 117,000 tech employees have been laid off so far this year, according<\/a> to layoffs.fyi.<\/p>\n Crypto companies have cut more than 5,000 jobs so far this year, with many also citing increased efficiencies from AI as a reason for the layoffs. Block Inc. undertook the biggest round of layoffs by a crypto company so far in 2026, cutting 4,000 staff<\/a> in February in an AI-driven cutback.<\/p>\n