OpenAI has confidentially filed for an IPO with the SEC, setting the stage for closer scrutiny of the company's spending practices and potential conflicts of interest involving CEO Sam Altman. Prior coverage has drawn attention to a reported range of approximately US$665bn in spending exposure.
Regulators and future investors will examine whether these holdings create divided loyalties in OpenAI's decision-making.
The IPO filing marks a pivotal shift for the AI leader from private funding rounds to public-market accountability.
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OpenAI has product pages for Daybreak Red Team and Daybreak Defense Factory. Red Team tests web applications with agents. Defense Factory has agents prepare patches that engineers review before a merge.
OpenAI has introduced ChatGPT Wallet, which lets a dot pay without access to the user's card details. It is starting with ChatGPT Pro subscribers in the United States, and every purchase needs a security check.
Anthropic says it has filed for a proposed initial public offering of 825,000,000 Class A shares and applied to list them on Nasdaq as ANT. The expected price is $70.00 to $78.00 a share. Subject to regulatory clearance, the price is expected November 18, Eastern time, and trading is expected November 19.
Three investors told The Wall Street Journal Anthropic's IPO valuation will likely need to come down, with one saying closer to $1 trillion, the Journal reported, per AFP. The company had been aiming for about $1.5 trillion and a week-of-Nov. 16 debut, and has not confirmed a date.
OpenAI has cut its funding target by $10 billion and now seeks about $20 billion at a $1.25 trillion valuation, the Financial Times reported. The round has not closed.
