OpenAI plans to go public, intensifying investment race with Anthropic

OpenAI has revealed plans to sell shares to the public through a stock listing in the US.

The artificial intelligence (AI) company behind the popular chatbot ChatGPT said on Monday that it had made a confidential filing with the US Securities and Exchange Commission to pursue an initial public offering (IPO) at some point in the future.

"We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company," the company said in a statement.

OpenAI's decision had been expected for months, but the company's filing comes exactly one week after rival AI firm Anthropic said it was planning to go public, too.

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