OpenAI files confidentially for IPO, following Anthropic
OpenAI submitted a draft registration statement to the SEC about a week after Anthropic. It was last valued at $852 billion.
What happened
OpenAI said in a blog post it confidentially submitted a draft registration statement to the SEC for a proposed IPO, about a week after Anthropic.
"We have not decided on timing yet," OpenAI said.
The numbers
- Last valued at $852 billion post-money.
- Raised $122 billion in late March, including $3 billion from retail investors.
- About 900 million weekly ChatGPT users.
- Per the WSJ, OpenAI projects burning $85 billion in 2028.
Why it matters
Both leading AI labs are now heading to public markets, with potentially record-breaking IPOs.
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