United Kingdom, June 9 -- OpenAI plans to list on the stock market.

The artificial intelligence (AI) giant, the company behind popular chatbot ChatGPT, has announced that it plans to sell shares on the New York Stock Exchange.

OpenAI said on its website: "We recently submitted a confidential S-1. We expect it to leak so we're just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.

"This announcement is being made pursuant to Rule 135 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or...