BUSINESSFORTUNE
Sam Altman was ‘0%’ excited to be a CEO of a public company—but OpenAI is taking steps to compete in the AI IPO blitz anyway
OpenAI is preparing for an IPO despite CEO Sam Altman's lack of enthusiasm for leading a public company. The company filed preliminary paperwork with the SEC in December 2025, joining other AI firms like Anthropic in a competitive IPO race. OpenAI recently restructured into a for-profit entity, reducing Microsoft's stake to 27% while securing greater flexibility for partnerships.
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