OpenAI is reportedly targeting an initial public offering that could value the company at as much as US$1 trillion, according to people familiar with the matter. The offering might take place as early as the second half of 2026. The move represents a major milestone for the AI industry, as OpenAI seeks to reduce reliance on its major backer and partner Microsoft Corporation. The high valuation reflects investor enthusiasm for large-scale AI platforms, though the company reportedly posted a sizeable loss in the last quarter amid heavy investment in infrastructure.