- OpenAI’s IPO filing arrives as IT jobs fall 11% while health and education hiring reach records.
- U.S. tech employment has dropped by 332,000 jobs since ChatGPT launched in November 2022.
- The odds of OpenAI surpassing a $1.5 trillion valuation on the first day increased to 48%.
OpenAI has filed for an initial public offering ( IPO), marking a new move for the artificial intelligence company as fresh labor market data points to shifts across parts of the U.S. economy since the launch of ChatGPT in late 2022.
The filing comes at a time when employment trends show a widening gap between technology-related jobs and labor-intensive service sectors, highlighting how AI-driven changes are unfolding alongside broader workforce adjustments.
While OpenAI has not announced a timeline for its market debut, the filing has drawn attention from investors as the company moves closer to becoming one of the largest public listings in U.S. history.
OpenAI Submits Confidential IPO Filing
OpenAI disclosed that it recently submitted a confidential S-1 filing to the U.S. Securities and Exchange Commission, beginning the regulatory review process required before a public stock offering. The company stated that it has not yet decided when it will move forward with an IPO, noting that certain initiatives may still be easier to pursue as a private company.
The filing allows regulators to review financial disclosures before they become publicly available. According to the company, the process gives it flexibility to proceed with a public listing if and when it determines that doing so is appropriate.
Following OpenAI’s filing announcement, prediction market data showed increasing expectations for a large market debut. On Polymarket, the probability of OpenAI closing its first trading day with a valuation above $1.5 trillion rose to 48%.
Labor Market Data Shows Diverging Employment Paths
The IPO development coincides with new employment data showing contrasting trends across sectors since ChatGPT’s public release in November 2022.
Data shows that U.S. information technology employment has fallen 11% during that period. The sector shed approximately 332,000 jobs, reducing total employment to 2.78 million workers. As a result, technology employment has fallen below the levels recorded between 2017 and 2019, before the COVID-19 pandemic.
At the same time, private education and health services employment increased by 13%, adding roughly 3.16 million jobs and reaching a record high.
A chart tracking employment performance from the launch of ChatGPT shows the growing gap between the two sectors.
By May 2026, the private education and health services index had risen to 112.77, while the information-sector index declined to 89.34. Before late 2022, both sectors had generally moved in a similar direction.
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