NYSE Executive Says ‘Handful’ of AI Startups Are Exploring IPOs

Several artificial intelligence startups are looking into the process of going public, according to an executive at the New York Stock Exchange, as the market for tech listings gains steam.

“I’d say that the majority of the companies that are truly pure-play, AI-focused are still mostly financing themselves in the private markets,” Michael Harris, global head of capital markets at NYSE, said at the Information’s Private Capital Conference on Tuesday. “But we have seen a handful of companies that are at least exploring going through the process.”

Since ChatGPT was released in late 2022, a long list of AI startups ...