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OpenAI said Monday it has confidentially filed draft IPO paperwork, giving itself the option to tap public markets while maintaining that its focus stays on building AI products rather than preparing for a listing.
The move sets up a direct race with rival Anthropic, which filed its own IPO paperwork exactly one week earlier. The company has not decided on timing and said the filing mainly gives it flexibility.
OpenAI Keeps Its Timeline Open OpenAI said it has not committed to a schedule, noting that "it may be a while because there are things we want to do that are likely easier as a private company." To bridge that gap, the AI lab is working toward a tender offer that would give investors some liquidity while the company stays private.
According to a Bloomberg report, OpenAI is working with Goldman Sachs and Morgan Stanley on a listing that could come as soon as this fall.
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