The Globe and Mail reports in its Thursday, May 21, edition that two unnamed sources say Microsoft-backed OpenAI is preparing to file confidentially for an initial public offering in the coming weeks, laying the groundwork for one of the largest artificial intelligence company offerings that would heighten the stakes of the technology race. A New York Times dispatch to The Globe reports that OpenAI is working with Goldman Sachs and Morgan Stanley to prepare the paperwork. OpenAI is closely watching the stock market. The timing of any filing remains in flux. If a filing comes soon, an IPO could take place as soon as September. OpenAI is one of the most highly anticipated potential public offering candidates this year, in what is set to be a lucrative string of tech company offerings. OpenAI was valued at $730-billion (U.S.) in the private market after a funding round this year, not including the latest investment. An IPO boom would probably unleash a flood of generational wealth, creating the world's first trillionaires and cementing the riches of a set of Silicon Valley tech executives who are already billionaires. It would also bring a bonanza to AI company employees, as well as to Wall Street banks and others.