Microsoft-backed (MSFT) OpenAI is preparing for a possible public listing as early as Q4, The Wall Street Journal reported late Thursday, citing people familiar with the matter.
The parent of generative artificial intelligence chatbot ChatGPT has held informal discussions with Wall Street banks about an initial public offering and has been expanding its finance team, the unnamed sources told the publication.
The firm is also engaged in a massive fundraising effort that could exceed $100 billion and value it at $830 billion, the WSJ reported.
Amazon.com-backed (AMZN) Anthropic has signaled to financial partners that it is open to an IPO by the end of the year, according to the report.
Microsoft has invested billions into OpenAI.
OpenAI didn't immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
