New Delhi, June 11 -- Following Anthropic's confidential IPO filing last week, OpenAI has also taken a similar step by submitting confidential documentation for a US stock market launch on 8 June. This action marks the start of what may become one of the most scrutinised IPO processes in recent times, placing OpenAI alongside a few companies aiming for trillion-dollar valuations, according to reports.

The AI pioneer, valued at $852 billion following a massive March funding round, is seeking to capitalise on surging investor enthusiasm for artificial intelligence. An IPO would provide OpenAI with another avenue to raise capital, enhance transparency, and strengthen its position in an increasingly competitive AI landscape, according to rep...