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OpenAI CEO Sam Altman Files for IPO as Soon as Friday
OpenAI CEO Sam Altman is preparing an initial public offering for the company. The filing could occur as early as Friday, according to MarketWatch.
May 20, 3:18 PM·1m read1 source
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OpenAI CEO Sam Altman is preparing to file for an initial public offering for the company as soon as Friday. MarketWatch reported that the filing would follow a legal victory against Elon Musk.
The planned offering would mark a shift for OpenAI from its current structure as a nonprofit-controlled entity. No specific valuation or share details were disclosed in the report.
The filing comes after Altman prevailed in a lawsuit brought by Musk. MarketWatch did not provide further details on the court outcome or its connection to the IPO plans.
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