OpenAI’s IPO Hopes Face Skeptical Investor Community

OpenAI is likely at least six months away from going public, and possibly longer. But as the company takes steps toward an initial public offering, investment banks trying to get a piece of the business are contacting public market investors to gauge how they’re thinking about OpenAI’s prospects as a public company, said one person who has been on the receiving end of the outreach. The mood is mixed. Investors expect the company to raise tens or potentially hundreds of billions of dollars in...