OpenAI, the company behind ChatGPT, files confidential paperwork with the US Securities and Exchange Commission to begin the process of going public. Multiple outlets report the company submitted a confidential S-1 on Monday, which is described as an initial investor prospectus filed in advance of a potential IPO. In its announcement, OpenAI indicates it has not set a timetable for a public listing and says it “may be a while” before it goes public. The company points to tradeoffs involved in remaining private versus going public sooner, and notes that some priorities may be easier to pursue as a private company. Several reports frame the move as part of a broader trend among artificial intelligence companies seeking public-market funding to support rapid growth and competition. At least one outlet notes OpenAI’s move comes about a week after rival Anthropic also takes steps toward an IPO. The filings are described as confidential, meaning the details are not immediately available to the public, but the process signals OpenAI is exploring access to capital through public markets. No agreed-on final valuation, pricing, or listing date is reported across sources.