This market will resolve to the market cap of any entity that is clearly the bulk of the current OpenAI at the end of the first day of public trading. Can include public trading after IPO, SPAC merger or similar. Will not resolve on any kind of private transaction.

Background

OpenAI is one of the most valuable private AI companies in the world, known for developing products like ChatGPT, GPT-4, and DALL-E. The company has seen significant growth in valuation through private funding rounds:

• January 2024: Valued at approximately $157 billion in a funding round led by Thrive Capital and Microsoft

• Early 2025: Reports of potential new funding rounds valuing the company at $300-340 billion

While OpenAI has not officially announced IPO plans, there has been speculation about a potential public offering given the company's rapid growth and need for capital to fund AI development and infrastructure.

Resolution Criteria

This market will resolve to the market capitalization (share price × outstanding shares) of OpenAI (or any entity that clearly represents the bulk of the current OpenAI's business) at the close of its first day of public trading.

The market will only resolve based on an actual initial public offering (IPO) where shares become available for public trading on a major stock exchange. The valuation will be determined using the closing price on the first day of trading.

This market will NOT resolve based on:

• Private funding rounds

• Partial spinoffs of OpenAI subsidiaries

• Acquisitions by other companies

If OpenAI does not go public, this market will remain unresolved indefinitely.