OpenAI Plans Biggest ChatGPT Overhaul Before IPO
OpenAI is preparing its biggest ChatGPT overhaul since the chatbot launched in 2022. The redesign would turn ChatGPT into a super app built around coding tools, AI agents, and creative features.
The rollout starts in the coming weeks across ChatGPT’s website and mobile apps. It anchors a pre-IPO push for enterprise customers, where margins run higher than consumer subscriptions.
ChatGPT Redesign Puts Enterprise Tools First
The new interface will steer ChatGPT’s reported 900 million weekly users to built-in coding, image generation, and partner apps.
The plan elevates Codex, previously a standalone product, and adds agents that execute multistep tasks. The FT cited more than a dozen current and former employees.
The long-term goal goes further, according to the report.
“Over time, OpenAI intends to ditch the prompts and features, betting that its models will be able to automatically understand users’ intentions when they are on the app or site.”
The strategy builds on a $122 billion funding round that closed in March at an $852 billion valuation. Amazon committed $50 billion, while Nvidia and SoftBank invested $30 billion each.
OpenAI generates about $2 billion in monthly revenue but remains unprofitable under heavy compute costs.
Steering users into higher-margin enterprise tools could improve that picture before public investors examine the books.
“This literally sounds like the beginning of the AGI transition! I think they’re moving in the right direction. I assume by ‘ditching prompts’ will mean we get a better voice interface,” one user indicated.
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IPO Race With Anthropic Raises the Stakes
The reorganization ties to sharpening competition with Anthropic. The Claude maker joined the AI IPO race by filing a confidential S-1 with the SEC on June 1.
A $65 billion Series H recently valued Anthropic at $965 billion. Its revenue run rate hit $47 billion in May.
OpenAI submitted its own confidential IPO paperwork in late May. Goldman Sachs and Morgan Stanley are advising on a listing that could exceed $1 trillion by late 2026.
BREAKING: OpenAI has been working with bankers to file for an IPO as soon as in the coming days or weeks, per WSJ.Details include:1. OpenAI has been working with both Goldman Sachs and Morgan Stanley on the IPO2. The goal is for the company to be read to go public by as…
— The Kobeissi Letter (@KobeissiLetter) May 20, 2026
A debut at that scale could rank among the largest US listings on record.
Both companies are now part of a crowded trillion-dollar IPO wave that also includes SpaceX.
A platform story may help justify premium multiples in markets wary of AI cash burn.
The coming weeks will show whether a unified super app persuades investors that OpenAI is more than a chatbot company.
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