OpenAI has now reportedly begun preliminary steps in preparing to list the company on the stock exchange. The listing is expected to put it at a value of $1 trillion, making it one of the most valuable companies at the time of public listing.
OpenAI, known for its ChatGPT offering, is expected to list as early as 2026 or 2027. Some things may change, based on the company's development and market conditions.
Currently, OpenAI is still not making a profit, and is still spending heavily on its company's operations. For next year, OpenAi aims to introduce its first device, and may generate higher income through it.
For this week alone, OpenAI has completed its restructuring, which sees Microsoft holding around 27% of the company's shares.
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BUSINESS & MONEY
