OpenAI Plans IPO Next Year, CFO Says It's Fine to List After Anthropic

Odaily Odaily News: AI company OpenAI is advancing its IPO preparations with the goal of completing an initial public offering (IPO) next year. OpenAI Chief Financial Officer (CFO) Sarah Friar stated at an all-hands meeting that OpenAI will become a publicly listed company next year.

Sarah Friar noted that competitor Anthropic may go public in September, ahead of OpenAI, but this does not affect OpenAI's focus on its own development. She pointed out that an IPO is just a milestone and another form of financing. OpenAI completed a $122 billion funding round in March this year and currently has considerable room for choice.

If business growth outpaces expectations, OpenAI does not rule out launching its IPO earlier than originally planned. In the second quarter of this year, OpenAI's revenue was surpassed for the first time by latecomer competitor Anthropic. During the same period, Anthropic achieved its first quarterly adjusted operating profit, while OpenAI's operating losses further widened.

OpenAI and Anthropic each confidentially filed IPO applications with securities regulators in June. OpenAI CEO Sam Altman had previously considered delaying the IPO to seek a corporate valuation exceeding $1 trillion; after its March funding round, OpenAI was valued at $852 billion. (ETNews SW)