OpenAI plans IPO next year, CFO says it's fine to go public later than Anthropic

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

Sarah Friar stated that competitor Anthropic may go public before OpenAI in September, but this will 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 a wide range of options.

If business growth exceeds expectations, OpenAI does not rule out launching its IPO earlier than 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 widened further.

In June, OpenAI and Anthropic separately submitted confidential IPO filings to securities regulators. OpenAI CEO Sam Altman has previously considered delaying the IPO to pursue a corporate valuation exceeding $1 trillion. After its funding round in March this year, OpenAI was valued at $852 billion. (ETNews SW)