OpenAI Prepares for IPO Amid Competition with Anthropic

OpenAI, the developer of ChatGPT, is aiming for a public listing by 2027, with the possibility of an initial public offering (IPO) occurring sooner. Chief Financial Officer Sarah Friar confirmed that the IPO would be a crucial step in raising funds and supporting the company's expansion in the artificial intelligence sector.

OpenAI is preparing for its IPO according to its own plans, amidst increasing competition from Anthropic, which has also begun preliminary listing procedures. Both companies submitted confidential prospectuses to US regulators last June.

This comes as OpenAI's revenues grow rapidly, driven by rising demand for AI services and the increasing use of ChatGPT among individuals and businesses.