OpenAI: third player lucky as the race gets under way?

Weeks after successfully squaring up to Elon Musk in court, Sam Altman is preparing to challenge his old adversary “on a different plane”, said Bloomberg. Days before SpaceX’s expected debut, his company OpenAI – which kicked off the AI boom with the launch of ChatGPT in 2022 – has “filed confidentially” for an IPO, setting the stage for the third mega-listing this year, after SpaceX and Anthropic.Despite reportedly missing “certain internal revenue and user-growth targets” and losing several key executives, OpenAI recently raised $122 billion from private investors at an $852 billion valuation. But the details of its IPO plan are being kept deliberately vague. “We have not decided on timing yet; it may be a while.”

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