OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time and give CEO Sam Altman access to a much larger pool of capital to pull off his ambitious agenda.

In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors.

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

“Traditional classifiers can have high performance, with low latency and operating cost," OpenAI said. "But gathering a sufficient quantity of training examples can be time-consuming and costly, and updating or changing the policy requires re-training the classifier."

Elon Musk’s lawyer pledged to continue the billionaire’s legal crusade against OpenAI as he slammed the attorneys general of California and Delaware for not blocking the artificial intelligence startup’s restructuring as a for-profit company.

OpenAI urges the US to treat electricity generation as a national-security and competitiveness priority essential to sustaining America’s AI leadership.

OpenAI has completed its conversion to a for-profit entity, a move that could allow it to raise billions of dollars in investment and potentially clear the way for a stock market debut. As part of the arrangement, OpenAI and Microsoft announced changes to their partnership that leave the tech giant with a 27% stake in the ChatGPT-maker.

The nonprofit arm, now called the OpenAI Foundation, will have a $130 billion stake in the for-profit enterprise.

The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.

Both companies were back at it on Tuesday, announcing deals that once again added billions in value to public companies.