OpenAI makes move to go public one week after rival Anthropic
ChatGPT-maker OpenAI on Monday took the first step toward going public, one week after arch-rival Anthropic announced its own filing, as both companies look to raise the massive sums needed to expand.
In a social media post, the Sam Altman-led company said it had confidentially submitted an S-1 registration statement to U.S. securities regulators but had "not decided on timing yet" for any potential debut.
OpenAI's move follows a confidential filing by Anthropic, the maker of the Claude chatbot, which announced last Monday that it had taken the same step.
"It may be a while because there are things we want to do that are likely easier as a private company," OpenAI said, while noting the filing gives it "the option to go public sooner if that ends up being best."
