OpenAI quietly filed a confidential registration statement with the SEC on Monday, confirming its intent to go public. The company tapped Goldman Sachs and Morgan Stanley as lead advisors. People familiar with the process say the filing opens the door to a listing as early as this autumn. This makes OpenAI the third AI‑focused firm to move toward an IPO after Anthropic filed last week.
The filing pushes the emerging public market for AI companies into a crowded space. Investors will now have to compare multiple AI business models that are still largely untested on public exchanges. The timing also suggests OpenAI is betting on a market still digesting recent AI hype.
While the paperwork is confidential—meaning details remain private—the move signals that AI startups are accelerating toward traditional financing routes despite ongoing regulatory debates.