OpenAI files for US IPO after Anthropic as AI giants head to public markets

OpenAI has privately submitted a draft prospectus for a US IPO, following a similar move by Anthropic. The ChatGPT creator is heading toward a blockbuster public listing, with expectations that the company's valuation will exceed $1tn. This move signals a broader trend as AI giants transition to public markets to secure significant capital and scale their operations globally, marking a pivotal moment for the artificial intelligence industry's financial landscape and its overall market valuation.