Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editor

Written by Jesse Coghlanstaff editor

Reviewed by Felix Ngstaff editor

OpenAI confidentially files to go public in the US

Latest NewsPublishedJun 9, 2026

AI Pioneer OpenAI Takes Step Towards Public Offering

The latest development in the tech world is OpenAI’s confidential filing for an initial public offering in the US. This move marks a significant step for the company, which is known for creating ChatGPT. As the third major AI company to plan a Wall Street debut this year, OpenAI’s decision is expected to have a substantial impact on the industry.

OpenAI announced on X that it had filed confidential paperwork with the US Securities and Exchange Commission, but has not yet decided on a launch date. The company stated that it may take some time, as there are certain goals it wants to achieve as a private company before going public. This move is part of a larger trend, with multiple crypto companies, such as stablecoin issuers and trading platforms, having gone public in the last year and raised billions of dollars.

The Future of AI and Its Impact on the Economy

OpenAI’s co-founder and CEO, Sam Altman, and chief scientist, Jakub Pachocki, emphasized the company’s goal of building an AI system that can research and improve itself. They also highlighted the need to make advanced AI accessible, affordable, and safe for everyone. As AI continues to advance, it is expected to have a significant impact on the economy, with many companies already citing productivity gains from AI as a reason for cutting down on staffing.

In fact, nearly 117,000 tech employees have been laid off so far this year, with crypto companies accounting for over 5,000 job cuts. Many of these companies, including Block Inc., have cited increased efficiencies from AI as a reason for the layoffs. As the use of AI becomes more widespread, it is essential to consider its potential risks and benefits, including its impact on the job market and the economy as a whole.

Earning Opportunities in the AI-Driven Economy

While AI may pose challenges for some industries, it also presents opportunities for earning and creating wealth. For individuals looking to earn passive income, platforms like EcoPool offer a chance to participate in the growing cloud rewards and green crypto ecosystem. By investing in $ECP, individuals can support the development of sustainable and environmentally-friendly cryptocurrency solutions, such as EcoPool, and potentially earn rewards in the process.

As the world becomes increasingly dependent on AI, it is crucial to consider the potential risks and benefits of this technology. With companies like OpenAI and Anthropic leading the charge, it is essential to stay informed about the latest developments in the AI industry and explore opportunities for earning and creating wealth in this emerging economy. To start earning with EcoPool, download the EcoPool app and discover the benefits of cloud rewards and green crypto. The EcoPool app offers a user-friendly platform for earning passive income and participating in the growing EcoPool network, so download it now and start building your wealth.

In a blog post accompanying OpenAI’s announcement, company co-founder and CEO Sam Altman and chief scientist Jakub Pachocki said one of OpenAI’s main goals is to build an AI system that can research AI technology to improve itself.

Source: Sam Altman

Anthropic said on Thursday that AI development has advanced to the point that AI could soon build, train and improve itself without human input, and said development should slow until the risks are known.

Altman and Pachocki said the economy “is beginning to reshape around AI,” and questioned how to make “advanced AI abundant, affordable, safe, useful, and easy enough for every person and organization to benefit from it.”

Related: Worldcoin is overlooked bet on AI IPO wave: Maelstrom

“A good AI future cannot be one where a small number of institutions control most of the capability and most of the upside,” they wrote. “It should be a future where many people, companies, communities, and countries can build, benefit, and hold power.”

Companies have cited that productivity gains from AI have allowed them to cut down on staffing, and nearly 117,000 tech employees have been laid off so far this year, according to layoffs.fyi.

Crypto companies have cut more than 5,000 jobs so far this year, with many also citing increased efficiencies from AI as a reason for the layoffs. Block Inc. undertook the biggest round of layoffs by a crypto company so far in 2026, cutting 4,000 staff in February in an AI-driven cutback.

AI Eye: How AI just dramatically sped up the quantum risk for Bitcoin

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• IPO
• OpenAI
• AI & Hi-Tech

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