OpenAI has revolutionized the world of Artificial Intelligence (AI) since its launch back in 2015. It’s making strides in several sectors, including education, digital art, creating and distributing textual material online, and more.
The release of ChatGPT by OpenAI in November 2022 has raised the bar of AI potential in all industries. Thanks to OpenAI’s ChatGPT, the worldwide AI market is anticipated to expand at a compound annual growth rate of 38.1 percent, achieving a remarkable $1.59 trillion by the year 2030.
Given the high demand among the general public and the technology world, potential investors are waiting with bated breath to invest in OpenAI.But many are asking themselves, Is openAI a public company? Can I invest in OpenAI? What’s the stock for openAI?
Let us delve into these queries and find out the answers that lie beneath.
Is OpenAI a Public Company or a Private
OpenAI is San Francisco based American Artificial Intelligence research company. It was founded 8 years back in 2015 by Sam Altman, Greg Brockman, Wojciech Zaremba, and Ilya Sutskever. It’s a private company that doesn’t have any shares available for public trading.OpenAI has chosen to remain private to have more control over its research direction and operations.
Is OpenAI Publicly Traded?
No, OpenAI isn’t publicly traded yet. As it’s a private company that doesn’t list on any stock exchange,it means the general public can’t purchase its shares. OpenAI requires an IPO (Initial Public Offering), and until April 2023, there’re no current plans for OpenAI IPO. But as per a Wall Street Journal report, this AI company is in talks with investors to sell more than $29 Billion worth of shares in the company.
What’s the Stock for OpenAI?
OpenAI hasn’t unveiled much information about its financial data, so its stock price chart isn’t available right now. But new studies revealed that the estimated valuation for OpenAI in 2021 was $14 Billion, which has become doubled in 2023 and has reached 29 Billion dollars.
Initially, Elon Musk and his partners pledged $1 billion to the organization. In 2019, OpenAI LP received a $3 billion investment from Microsoft, as reported by technology journalists Cade Metz and Karen Weise from the New York Times. while a second multi-year investment from Microsoft to the same company in January 2023 is reported to be $10 Billion. However, there’s no proof of fund-raising for OpenAI valuation.
Can You Invest in OpenAI in 2023?
The answer is, unfortunately, no. Currently, the company hasn’t announced an initial public offering (IPO), so it can’t be traded publicly on NYSE or NASDAQ in the U.S. As it doesn’t offer the opportunity for pure-play investment, the investors can get indirect access to the company’s shares by collaborating with partnered companies of OpenAI.For Example, if Microsoft takes a position in the company, the individual investors will be able to get indirect access to OpenAI shares by buying Microsoft stock (MSFT). Direct investment in OpenAI will only be possible when the company goes public.
When will OpenAI Go public?
As of April 2, 2023, there’re no direct talks about OpenAI IPO (initial public offering) on the horizon. So it’s unclear whether the company will go public or not.
Wrap Up
Our talk about “Is OpenAI a public company?” concludes that currently, it isn’t a public company. Rather it’s a private sector organization that hasn’t listed its shares in the stock market nor released its IPO, so it can’t be traded publicly. Individual investors can only get access to its shares by collaborating with OpenAI-partnered companies.
