India, June 9 -- OpenAI, the maker of popular chatbot ChatGPT, announced that it has recently filed confidentially with the U.S. Securities and Exchange Commission for potential initial public offering, thus entering the IPO race by major players in the artificial intelligence or AI industry. The firm said it is yet to decide on the timing.
In a statement, the company confirmed, "We recently submitted a confidential S-1. We expect it to leak so we're just announcing it."
OpenAI added that "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."
A confidential S-1 filing is a p...