ChatGPT maker reportedly eyes $1 trillion IPO despite major quarterly losses
OpenAI is reportedly preparing for a $1 trillion IPO despite suffering massive quarterly losses of approximately $11.5 billion, based on Microsoft's recent earnings report. The ChatGPT maker recently restructured to reduce reliance on Microsoft, though the tech giant still owns 27 percent after investing $13 billion. While OpenAI expects $20 billion in annual revenue, its quarterly losses exceed half of that yearly...