OpenAI files paperwork for an IPO

OpenAI files paperwork for an IPO

OpenAI said Monday it has confidentially filed draft paperwork for an IPO, giving itself the option to tap public markets — even as the company says its focus remains on building new AI products and infrastructure rather than preparing for a listing.Why it matters: The race is on between Anthropic and OpenAI to go public and tap investors for tens of billions of dollars.This is breaking news.

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