OpenAI may target $1 trillion valuation in IPO, reports Reuters

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OpenAI, the company that, for many, has become synonymous with the AI revolution, is now moving towards the next step in its expansion.

According to Reuters on Wednesday, which cited unnamed sources, the artificial intelligence startup OpenAI is getting ready to submit an IPO application as early as next year, which could result in a $1 trillion market valuation for the business.

According to the publication, the corporation is preparing for one of the biggest initial public offerings (IPOs) in history and may submit documentation to authorities as…



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OpenAI may target $1 trillion valuation in IPO, reports Reuters


OpenAI, the company that, for many, has become synonymous with the AI revolution, is now moving towards the next step in its expansion.

According to Reuters on Wednesday, which cited unnamed sources, the artificial intelligence startup OpenAI is getting ready to submit an IPO application as early as next year, which could result in a $1 trillion market valuation for the business.

According to the publication, the corporation is preparing for one of the biggest initial public offerings (IPOs) in history and may submit documentation to authorities as…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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