OpenAI is preparing to confidentially file a draft of its IPO prospectus as soon as Friday while working with Goldman Sachs and Morgan Stanley. The move positions the $850 billion AI company, which has raised more than $180 billion and continues burning cash at a historic pace, for one of the largest public debuts in history.
It continues to burn through cash at a historic pace.
As OpenAI CEO Sam Altman pushes toward an IPO, he is under pressure from investors to show that the numbers work.
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