Morgan Stanley Advises OpenAI IPO After $122B Raise, Faces AI Risk Scrutiny
MS•Morgan Stanley is among major banks urged by shareholders and regulators to establish formal AI risk management frameworks. Its investment banking unit is advising OpenAI on a potential IPO after a $122 billion funding round valuing the AI developer at $852 billion.
1. Regulatory Pressure on AI Risk Management
Shareholders and regulatory bodies are pressing major banks, including Morgan Stanley, to develop robust AI governance structures, model validation processes and risk controls to address potential ethical, compliance and operational risks associated with artificial intelligence deployments.
2. Morgan Stanley Advises OpenAI IPO
Morgan Stanley’s investment banking arm is collaborating with Goldman Sachs on OpenAI’s confidential SEC filing for a possible fall IPO following a $122 billion private funding round that set the company’s valuation at $852 billion, while exploring a tender sale to provide employee liquidity.
