ChatGPT developer OpenAI has confidentially filed a draft of its prospectus with the US Securities and Exchange Commission (SEC), formally initiating the process for an initial public offering. The company follows competitor Anthropic, which had filed corresponding documents just one week earlier. Analysts expect a valuation of more than one trillion US dollars. OpenAI Explains the Move The company emphasized that the exact timing of the IPO has not yet been determined. An official statement