OpenAI files confidentially for IPO, following Anthropic (opens original article in a new tab)

OpenAI has confidentially filed for an IPO, following Anthropic's similar move, as both AI companies prepare for public market debuts amid high valuations and significant financial challenges.

• OpenAI filed confidentially for an IPO, following Anthropic's filing.
• OpenAI's valuation is $852 billion, with significant data center spending and projected burn rates.
• The race to go public first may impact capital availability for AI companies.