OpenAI has confirmed that it filed its initial public offering (IPO) just a week after Anthropic.
in a short blog post Today, OpenAI says it has filed a confidential S-1 form, the first step toward an initial public offering on the stock market. The announcement, as OpenAI says, comes when it “expects it to leak, so we’re just announcing it.”
The timing of the IPO is undecided, but OpenAI says “it may be a while because there are things we want to do that are probably easier as a private company.”
We recently filed a confidential S-1. We’re hoping it leaks, so we’re just announcing it. We haven’t decided on the moment yet; It may take a while because there are things we want to do that are probably easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that turns out to be best.
TechCrunch points out that OpenAI was recently valued at $852 billion, slightly less than its competitor Anthropic, valued at $965 billion, which I also just filed the same S-1 form..
As things stand, OpenAI is not yet generating profits, nor is it expected to in the near future, but a public stock offering will serve as a way for OpenAI, and Anthropic, to raise additional capital.
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