Following Anthropic, OpenAI files confidentially for IPO

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OpenAI announced Monday that it has filed a confidential S-1 for an initial public offering. This move follows a similar filing by its main rival, Anthropic, just one week prior, intensifying the capital race for AI infrastructure. The ChatGPT-maker, which holds a post-money valuation of $852 billion, initiated this official step toward a blockbuster IPO, although the company cautioned that the actual public offering process may still take some time to complete.
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