OpenAI & Anthropic pursue IPOs
Several artificial intelligence companies are pursuing public market listings, with OpenAI and Anthropic reportedly taking steps toward initial public offerings. These companies have seen significant revenue growth and are seeking public capital, although executive departures have also occurred.
COVERAGE BY DAY
TIMELINE
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14 SEP
MON
AI leaders call for development slowdown
Leaders at OpenAI and Anthropic are calling for a slowdown in artificial intelligence development, citing existential risks. OpenAI has delayed its initial public offering until at least next year in light of these concerns. The development raises questions about the future trajectory of the AI sector.
C1
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02 SEP
WED
Anthropic plans large IPO
AI startup Anthropic is planning a massive initial public offering expected to launch between late September and early October. The company aims to raise up to $86.2 billion and is working to finalize banking partners and an analyst day. This IPO may allow existing shareholders to sell some stock.
C2
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18 AUG
TUE
Anthropic reports revenue growth
AI company Anthropic's annualized revenue run rate reached $65 billion in July, a sevenfold increase from the prior year. The company also reported $11.5 billion in quarterly revenue. Investors reportedly believe Anthropic could go public with a valuation exceeding $2 trillion.
C1
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14 AUG
FRI
OpenAI executive departures
OpenAI's Chief Revenue Officer Denise Dresser has departed the company after eight months. Her exit follows that of top operations executive Brad Lightcap earlier in the week. The company recently reported a $40 billion annual revenue run rate.
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09 JUN
TUE
OpenAI files confidentially for IPO with SEC
OpenAI has confidentially filed a registration statement with the SEC, signaling its intent to pursue a public market listing. The company is working with investment banks Goldman Sachs Group and Morgan Stanley. OpenAI has stated it has not yet decided on IPO timing.
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21 MAY
THU
OpenAI and Anthropic IPO race
OpenAI is reportedly planning to go public as soon as September, according to a source. This comes as rival Anthropic has achieved profitability and strengthened its compute partnership with SpaceX. The companies are in a race to the public markets.
