OpenAI files for IPO, following Anthropic
The move came about one week after rival Anthropic filed the same paperwork on June 1, turning a year-long race between the two AI labs into a public-market contest. Because the filing is confidential, key numbers such as revenue, executive pay, and business risks stay private for now.
Key Takeaways
- One of the most highly anticipated public offerings in history has moved one step closer to reality.
OpenAI announced it has filed to go public on the stock market, without revealing details like a price or target date for the IPO.
- Image: The Verge Hayden Field is The Verge's senior AI reporter.
An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets.
- As of Anthropic's most recent fundraise, it's being called the world's most valuable startup, with a post-money valuation of $965 billion that surpassed OpenAI's latest $852 billion post-money valuation.
- The news also comes weeks after the jury reached a verdict in the high-profile Musk v.
Altman trial , and ahead of Musk-owned SpaceX's planned June 12 IPO.
- Hayden Field AI Anthropic News OpenAI Most Popular Most Popular The world's first trillionaire is a killer I held the Trump phone Is Apple TV the new HBO?
Stats & Key Facts
- #OpenAI was last valued near 852 billion dollars and is reportedly targeting a public valuation approaching 1 trillion dollars.
- #As of Anthropic's most recent fundraise, it's being called the world's most valuable startup, with a post-money valuation of $965 billion that surpassed OpenAI's latest $852 billion post-money valuation.
- #The company had initially said it was planning to spend $1.4 trillion on compute infrastructure, which Altman seemed to become defensive about when publicly questioned on it.
- #In February, though, OpenAI adjusted that figure, telling investors it plans to spend $600 billion on compute by 2030.
One of the most highly anticipated public offerings in history has moved one step closer to reality. OpenAI announced it has filed to go public on the stock market, without revealing details like a price or target date for the IPO. AI News Anthropic OpenAI files for IPO, following Anthropic One of the most highly anticipated public offerings in history has moved one step closer to reality.
An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic's decision to do the same on June 1st. The confidential filing means that certain details normally available through the form - such as executive compensation figures, potential risks to a company's business, and more financials - aren't yet public.
As of Anthropic's most recent fundraise, it's being called the world's most valuable startup, with a post-money valuation of $965 billion that surpassed OpenAI's latest $852 billion post-money valuation. OpenAI has been preparing to go public for months, but reports have surfaced that certain executives, namely CFO Sarah Friar, haven't been as gung-ho about the fast-tracked IPO as CEO Sam Altman, due to missed revenue targets and user growth numbers, and concerns that OpenAI won't be able to pay for all its compute spending commitments. The company had initially said it was planning to spend $1.4 trillion on compute infrastructure, which Altman seemed to become defensive about when publicly questioned on it.
For more details please read the original article at The Verge AI.
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