The IPO preparations follow a restructuring of OpenAI completed on October 28 that reduced the company’s reliance on Microsoft, which has committed to investments of $13 billion and now owns about 27 percent of the company. OpenAI was most recently valued around $500 billion in private markets.

AI has become the bellwether for the general technology sector, which often correlates with the cryptocurrency market.

OpenAI is gearing up for what is expected to be one of the biggest initial public offerings in history. The ChatGPT creator is considering a regulatory filing as soon as the second half of 2026, Reuters reports,

RIL to finalise bankers for Jio Platforms' IPO by year-end; listing expected in first half of 2026, likely to be India's biggest at around $6 billion; recalibrates Russian oil imports amid US sanction

Mukesh Ambani-led Reliance Industries posted a 16% YoY jump in Q2 profit after tax, while revenue saw a 10% growth. Its PAT and Share of Profit/(Loss) of Associates & JVs increased by 14.3% YoY to ₹22,

Reliance Jio's broadband subscriber base sees significant growth in the July-September period, with expectations set for higher mobile tariffs and improved margins.