OpenAI Says It Could Go Public as Early as 2027
OpenAI president Greg Brockman said the company could be ready to go public in 2027. He pointed to accelerating revenue from business customers and a turnaround in the company's business as reasons for optimism. Going public would mean selling shares of the company to ordinary investors on a stock exchange.
Quick glossaryOpenAI, IPO, enterprise revenue
- OpenAI
- A US AI research company best known for building ChatGPT, a popular chatbot used by millions of people.
- IPO
- The first time a private company sells shares to the public on a stock exchange.
- enterprise revenue
- Money a company earns from selling its products and services to other businesses rather than from individual users.
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