Goldman Sachs and Morgan Stanley are processing OpenAI's IPO documents and may submit applications as early as Friday Odaily Planet Daily News: OpenAI has been working with investment banks to prepare for submitting an initial public offering (IPO) application in the coming days or weeks. Investment banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting its IPO prospectus, and the company plans to secretly submit documents to regulatory agencies soon, possibly as early as this Friday. According to some informed sources, OpenAI's goal is to go public as early as September, but there are still variables in the plan and it may change in the future. Earlier this week, OpenAI cleared a major obstacle on its IPO path: the company won a legal dispute with co-founder and now CEO Ultraman rival Elon Musk. Musk stated that he plans to appeal the ruling. OpenAI still needs to overcome a series of other challenges, with the most significant being market concerns about its ability to generate sufficient revenue to support its massive data center spending commitments. (WSJ)