OpenAI Preps for Potential $1 Trillion IPO

The technology company OpenAI is gearing up for a potential Initial Public Offering (IPO) in the next few years, aiming for a valuation exceeding $1 trillion by late 2026 or 2027. The company’s restructuring into a public benefit corporation will pave the way for this major step. Key players like CEO Sam Altman and CFO Sarah Friar remain at the helm of OpenAI’s operations, with Microsoft maintaining a significant 27% stake and committing $250 billion to Azure services through an agreement lasting until 2032. This strategic move signals a significant shift in the tech industry landscape and highlights the financial implications of such lofty valuations.