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OpenAI and Anthropic competition spills into IPO push as profitability race heats up

Competition between OpenAI and Anthropic is moving to plans for initial public offerings, with both companies reported to be preparing for IPOs as early as the fourth quarter. A listing could force greater attention on revenue and profit after years of heavy spending. The article also rounds up moves across the AI sector, including new products from OpenAI and Anthropic, model and tool releases from Microsoft, AWS and Google, and developments by Meta, Cursor and South Korean firms.