The artificial intelligence company, which is valued at more than $850 billion by private investors, is working with banks including Goldman Sachs and Morgan Stanley to prepare to file in the coming days or weeks, according to a source familiar with the matter who asked not to be named because the details are confidential.
“As part of normal governance, we regularly evaluate a range of strategic options,” An OpenAI representative said in a statement. “Our focus remains on execution.”
OpenAI has been preparing to IPO as soon as the fourth quarter of this year, as CNBC previously reported. OpenAI CFO Sarah Friar told CNBC last month that it is “good hygiene” for a company of OpenAI’s size to “look and feel and act” like a public company, but she wouldn’t comment on a specific timeline.
Goldman Sachs and Morgan Stanley did not comment. The Wall Street Journal was first to report the confidential filing.
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