OpenAI files for IPO

OpenAI announced it has filed to offer its stock on public markets, just a week after its chief rival, Anthropic, did the same.

OpenAI announced Monday afternoon that it has filed to offer its stock on public markets, just a week after its chief rival, Anthropic, did the same.

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“We recently submitted a confidential S-1,” the ChatGPT maker said in a post on X, referring to the formal name of the filing for an initial public offering. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company.”

The artificial intelligence startup added that “it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”