OpenAI Files Confidential IPO Paperwork with SEC
The filing gives OpenAI flexibility to go public later as it seeks more capital for costly AI infrastructure and expansion, the company said.
- On Monday, ChatGPT-maker OpenAI confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission for a proposed IPO without disclosing share counts or pricing.
- The filing follows rival Anthropic's recent public offering submission, intensifying the race for capital as Elon Musk's SpaceX is expected to debut first with a $1.75 trillion valuation.
- Anthropic surged to a $1 trillion valuation on Forge Global, surpassing OpenAI recorded at around $880 billion in April, as David Shapiro, CEO of NYSE OpenVC, noted both as "dual winners."
- Despite securing $122 billion in Silicon Valley's largest funding round, the firm expects to burn $85 billion on computing power in 2028 and does not anticipate positive cash flow until 2030.
254 Articles
254 Articles
OpenAI has filed the paperwork for its long-awaited IPO. The American company behind ChatGPT is thereby following its competitor...
SCIENCE & TECH: ChatGPT maker OpenAI files for IPO looking to capitalize on investor appetite for AI boom
OpenAI, the maker of the hit chatbot ChatGPT, made official its prep for a blockbuster public listing – where it will test investor appetite for its cash-burning business. The Sam Altman-led company – which ignited the artificial-intelligence frenzy in 2022 – said Monday that it confidentially filed initial public offering paperwork with the Securities and Exchange Commission, setting OpenAI up to go public as soon as the fall. An OpenAI IPO –…
OpenAI confidentially files for IPO at $852 billion valuation as AI race with Anthropic and SpaceX heats up - Tech Startups
Just weeks ago, Anthropic quietly filed paperwork to go public. SpaceX is already on the road pitching investors. Now OpenAI has entered the race. The company behind ChatGPT announced Monday that it has confidentially filed for an initial public offering […] The post OpenAI confidentially files for IPO at $852 billion valuation as AI race with Anthropic and SpaceX heats up first appeared on Tech Startups.
Despite its exponential growth and the massive adoption of ChatGPT (almost 1 billion weekly users), OpenAI has seen Anthropic surpass its valuation.
OpenAI joins the IPO rush, but says going public can wait
The company that helped kick off the AI boom is taking its first step toward Wall Street. OpenAI has confidentially filed paperwork for an initial public offering, giving the company the option to go public after federal regulators review the filing. The company announced the filing on Monday but made it clear that a stock market debut is not imminent. Going public In a post on its website, the company said, "We have not decided on timing yet; i…
In the USA, the AI company OpenAI submitted the application for an IPO.
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