OpenAI is preparing for an initial public offering with a potential filing in the second half of 2026. The company recently converted into a for-profit public benefit corporation to facilitate large-scale capital raises.
CEO Sam Altman identifies an IPO as the most likely path to meet the firm's capital requirements. Altman remains personally reluctant to lead a public company and has not committed to a firm timeline.
OpenAI and Microsoft are renegotiating their partnership to accommodate a potential listing. The new terms aim to secure Microsoft's long-term access to OpenAI technology.