OpenAI Files for US IPO a Week After Competitor Anthropic

The OpenAI logo in an illustration made on May 20, 2024. Dado Ruvic/Illustration/ReutersOpenAI confidentially filed on Monday for a U.S. initial public offering (IPO), marking the latest tech giant to move toward the stock market following rival Anthropic and Elon Musk’s SpaceX. The company behind ChatGPT said a timeline has not been determined and did not disclose the size or terms of the offering, adding that it “may be a while because there are things ‌we want to do that are likely easier as a private company,” OpenAI said in a statement.