After months of speculation about whether OpenAI or Anthropic would be first in their race to IPO, Anthropic on Monday reached a key milestone: filing to kick off the process with the U.S. Securities and Exchange Commission. The filing sets the stage for what’s sure to be a massive IPO. …
OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic’s decision to do the… …
… Any scandalous information about OpenAI’s C-suite could derail the IPO. Musk is also potentially vulnerable to mud-slinging. Musk’s SpaceX has filed confidentially for an IPO, which may happen as soon as June. …
… If and when the mandatory paperwork associated with an IPO filing is made public, we’ll get a sense of exactly how challenging the environment is for OpenAI — but it seems that OpenAI doesn’t have an easy road to do everything it’s trying to do and still stay solvent. …
… It feels like the pressure around the bubble — the race to win, to pay off all this investment, to emerge as the winner, to IPO — has changed a lot of attitudes. …
… Anthropic, which primarily builds for enterprise clients, has been going all in on its coding efforts, and OpenAI has recently pledged to mirror Anthropic’s focus on coding and enterprise, ahead of both companies reportedly racing each other to IPO by the end of 2026. …
… I’m curious because that’s the other arms race. …