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OpenAI plans to turn ChatGPT into a superapp with coding tools, AI agents and partner services, and is preparing a confidential IPO filing with Goldman Sachs and Morgan Stanley
OpenAI Plans biggest ChatGPT overhaul
AI research firm OpenAI is reportedly planning to overhaul its popular chatbot ‘ChatGPT’ and turn it into a ‘superapp’ ahead of its initial public offering. According to a report by Financial Times, OpenAI plans to redesign the chatbot and bring coding tools, AI agents, image generation and partner services such as Canva and Booking.com.
Denise Dresser, Chief Revenue Officer, in a note, said earlier that they are building towards a unified AI superapp. He explains that it is the one place where employees can work with AI agents throughout the day to complete tasks and take action across the tools they already use.
“This experience will bring together the best of ChatGPT, Codex, agentic browsing, and broader capabilities in order to multiply what individual employees and small teams can accomplish. ” he noted.
According to an FT report, OpenAI’s overhaul plan aims to target higher revenue ahead of the company’s potential listing and give it a competitive edge over its rival Anthropic, which has just become the most valuable AI startup.
ChatGPT serves more than 900 million weekly active users, OpenAI said earlier this year, adding that it had surpassed 50 million consumer subscribers.
OpenAI IPO
OpenAI is reportedly preparing to take a major step toward becoming a publicly traded company, with plans to confidentially file paperwork for an initial public offering (IPO) in the coming days, according to a report by The Wall Street Journal.
The company behind ChatGPT is said to be working with investment banks Goldman Sachs and Morgan Stanley on a draft prospectus, with a potential stock market debut as early as September, the report said.
The move comes after OpenAI was valued at around $852 billion in a recent funding round, placing it among the world’s second most valuable private technology companies.
A confidential filing would allow OpenAI to begin discussions with regulators before publicly disclosing detailed financial information — a common route used by major firms preparing for IPOs.
About the Author
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I…Read More
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