OpenAI is reportedly preparing to file confidential IPO paperwork in the coming days or weeks, possibly as early as this Friday. The company is working with major investment banks including Goldman Sachs and Morgan Stanley on the process. It was recently valued at around $852 billion in private funding discussions, making it one of the most valuable technology companies in the world. OpenAI is seeking significant new funding to build massive data centers needed to train more advanced AI systems. The reported IPO plans come after OpenAI’s transition from a nonprofit structure to a for-profit business model, as well as its recent legal victory in a lawsuit brought by co-founder Elon Musk. Although OpenAI generates substantial monthly revenue, it is also spending heavily and the company has reportedly missed some internal targets for sales and user growth this year while facing increasing competition from rivals such as Anthropic and Google.