OpenAI may go public as soon as September
SMRTR summary
OpenAI is preparing to go public as soon as September, working with Goldman Sachs and Morgan Stanley on an IPO filing. Valued at $730 billion, the company recently cleared a legal hurdle after a jury rejected Elon Musk's lawsuit. Despite rapid revenue growth, OpenAI lost $5 billion in 2024 and isn't expected to turn profitable until 2029 or 2030.
SMRTR provides this summary for quick context. The original article belongs to Engadget.
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