OpenAI takes step toward potential blockbuster IPO, files confidential S-1 (opens original article in a new tab)

OpenAI has filed a confidential S-1, indicating progress toward a potential major IPO.

• OpenAI submitted a confidential S-1 to the U.S. Securities and Exchange Commission.
• The move suggests progress toward a potential blockbuster IPO.
• The announcement was made through a blog post by the ChatGPT parent company.