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OpenAI Plans Fourth-Quarter IPO in Race to Beat Anthropic to Market: Report
OpenAI targets $100 billion private funding to cover high compute costs and accelerate growth while aiming for a record-setting IPO in the competitive generative AI market.
- This year, OpenAI is in talks with Wall Street investment banks about a fourth-quarter IPO while reportedly seeking $100 billion privately, with Amazon possibly covering half.
- To cover soaring compute and infrastructure spending, OpenAI is seeking large-scale capital as reports say a pre-IPO funding round would calm investors worried about cash burn.
- OpenAI has opened informal bank talks and beefed up finance leadership, hiring Ajmere Dale as chief accounting officer and Cynthia Gaylor as corporate business finance officer amid a reported $500 billion valuation.
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An OpenAI IPO this year would test investor tolerance for the AI boom
OpenAI is reportedly racing toward a fourth-quarter 2026 initial public offering that would test just how much faith investors still have in the AI boom. The AI lab has begun informal talks with Wall Street banks and hired new finance executives to prepare for the listing, according to a report from The Wall Street Journal. But while the company is currently valued at $500 billion, it has said it doesn’t expect to turn a profit until 2030. The t…
·New York, United States
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He wants to beat the rival Anthropic in the race to be the first startup of Ai generative listed. In view of the operation strengthens the top: hired two new top executives for accounting and relations with investors
·Milan, Italy
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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