OpenAI files for IPO, following Anthropic

"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 same on June 1st. The confidential filing means that certain details normally available through the form - such as executive compensation figures, potential risks to a company's business, and more fi"

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This report is based on coverage originally published by The Verge.

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