OpenAI has held discussions with major banks, including Citigroup and JPMorgan Chase, regarding preparations for its planned initial public offering, according to people familiar with the matter. The conversations focus on how the banks could support the IPO process, though specific roles, terms, and timelines are not described in the reports. The talks indicate OpenAI is engaging large financial institutions as it explores potential structures and execution options for a future listing. Neither outlet provides additional confirmed details about the size of the offering, the exchange where it might be listed, or the sequence of selection for underwriters and advisors. As the information is based on people familiar with the discussions, it may reflect preliminary planning rather than final commitments. Overall, the accounts agree that OpenAI’s management has been in contact with Citigroup and JPMorgan as part of its IPO preparation efforts, while further specifics remain unclear.