OpenAI Discusses IPO Plans With Citigroup and JPMorgan

OpenAI has spoken with banks including Citigroup and JPMorgan about working on its upcoming initial public offering. The conversations are described as early-stage and do not commit either side to a specific role or timetable.

Is a privately held artificial-intelligence company that has raised substantial private capital in recent rounds. An initial public offering would mark the first time its shares trade on a public exchange. No details on valuation, share class, or regulatory filings have been released.