New York Times:

Sources: some OpenAI execs were surprised by WSJ's report that the company was targeting a Q4 2026 IPO; OpenAI hopes to triple its ~$13B 2025 revenue in 2026  —  The maker of ChatGPT hopes to triple its revenue in the coming year because it is planning to spend tens of billions of dollars.

New York Times:

Sources: some OpenAI execs were surprised by WSJ's report that the company was targeting a Q4 2026 IPO; OpenAI hopes to triple its ~$13B 2025 revenue in 2026  —  The maker of ChatGPT hopes to triple its revenue in the coming year because it is planning to spend tens of billions of dollars.