SynopsisAI giant OpenAI is reportedly eyeing a 2027 initial public offering, potentially after rival Anthropic. Both companies have confidentially filed for an IPO, with Anthropic possibly listing as early as October. Recent tech market volatility has influenced OpenAI's timing, though deliberations are ongoing. This move aims to secure public market funding for substantial AI infrastructure investments.AgenciesOpenAI is considering an initial public offering as soon as in 2027, according to people familiar with the matter, a timeline that would potentially see it go public after its artificial intelligence rival Anthropic PBC.The ChatGPT maker’s leadership expect that Anthropic will likely go public first, the people said, even though both companies have already filed confidentially with the US Securities and Exchange Commission. OpenAI had been targeting a fall listing, and Anthropic is considering an IPO as soon as in October, Bloomberg News has reported. Recent volatility in tech stocks has influenced OpenAI’s potential timing, some of the people said, asking not to be identified as the information isn’t public. Deliberations are ongoing and details of OpenAI’s IPO plans could change, the people said. The New York Times first reported the expected IPO timing. A spokesperson for OpenAI didn’t respond to a request for comment.OpenAI and Anthropic have been racing to make their Wall Street debuts as soon as this year, in a bid to attract public market investors and support their heavy spending on chips and data centers for AI. OpenAI is working with Goldman Sachs Group Inc. and Morgan Stanley on its potential listing, Bloomberg News reported.OpenAI added a note of caution to its expected IPO timeline in its statement announcing the confidential filing. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” OpenAI said. “But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”Goldman Sachs and Morgan Stanley stock fell as much as 4.9% and 4.2% respectively Friday in New York. Shares of SoftBank Group Corp., a large OpenAI backer, and Oracle Corp., a major data center partner, both fell following the news of the revised IPO timeline.Anthropic, once viewed as an underdog relative to OpenAI, has seen revenue soar this year thanks to the success of its AI software, including products that help streamline the process of writing and debugging code. The Claude maker filed confidentially to go public shortly before OpenAI. OpenAI raised $122 billion in a funding round from investors earlier this year to support its spending spree on AI infrastructure. The financing valued the ChatGPT maker at $852 billion, including the money raised. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now