The latest IPO timeline follows an earlier report<\/a> that OpenAI was in discussions with several Wall Street banks regarding its planned public offering. Bloomberg, citing people familiar with the matter, reported that the company had held talks with Citigroup and JPMorgan Chase & Co., which could join Goldman Sachs and Morgan Stanley in helping prepare the listing.\u00a0<\/p>\n AI Progress Could Influence IPO Timing<\/p>\n While speculation has grown that OpenAI and rival Anthropic could pursue public listings at valuations approaching $1 trillion, Altman reportedly struck a more measured tone in his comments to staff.<\/p>\n He said the pace of the company\u2019s technological development could affect when an IPO takes place. Specifically, Altman pointed to the possibility of recursive self-improvement (RSI), a scenario in which AI systems become capable of creating new AI systems.<\/p>\n \u201cThe faster the potential RSI takeoff looks like it could be, the more it could be advantageous to delay an IPO,\u201d said Altman, according to The Information.<\/p>\n According to Altman, rapid advances in the technology could lead to unexpected changes, creating circumstances where staying private may be preferable.\u00a0<\/p>\n Capital Needs May Push Faster Listing<\/p>\n At the same time, Altman reportedly acknowledged that OpenAI\u2019s growing infrastructure and computing needs could push the company toward a faster IPO timeline. According to The Information, OpenAI is in discussions to lease a proposed 10-gigawatt data center campus on federal land in Ohio, a project that could require substantial financial backing from Nvidia<\/p>\n Altman also told employees that OpenAI is preparing a tender offer \u201cvery soon\u201d using the current share price. Employees familiar with the matter said that the price is $687.69 per share.\u00a0<\/p>\n New Model \u20185.6\u2019 Expected This Month<\/p>\n Separately, OpenAI is preparing to launch a new AI model, codenamed 5.6, according to internal communications. Chief Scientist Jakub Pachocki reportedly told staff that the model will represent a \u201cmeaningful improvement\u201d over GPT-5.5, the company\u2019s current flagship system. The model is expected to be released this month, reported The Information.<\/p>\n OpenAI Retail View\u00a0<\/p>\n Retail sentiment on Stocktwits for OpenAI<\/a> was \u201cextremely bullish,\u201d at the time of writing on Wednesday.\u00a0<\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n Read Next: Little-Known Chinese Media Stock Rockets Over 450%, On Track To Clock Best Day Ever\u2014 Here\u2019s What We Know<\/a><\/p>\n
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