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AI & Enterprise

OpenAI files confidential IPO paperwork, starting funding battle with Anthropic and SpaceX

OpenAI has filed a confidential S-1 registration statement with the U.S. Securities and Exchange Commission, beginning its initial public offering process. Foreign media reported the company disclosed the move on June 8 local time, following Anthropic’s start of the same procedure on June 1. With key financial and risk disclosures still private, information for investors remains limited. The article compares valuations, outlines internal debate, and highlights scrutiny of large computing infrastructure investment plans as SpaceX also prepares an IPO.

AI & Enterprise

OpenAI aims for September IPO, may file paperwork as soon as this week

OpenAI is preparing to file paperwork for an initial public offering with investment banks, The Wall Street Journal reported, citing sources familiar with the matter. Goldman Sachs and Morgan Stanley are helping draft the IPO prospectus, the report said. Sources said OpenAI could confidentially submit its IPO filing as soon as May 22 and is targeting a September listing, though plans could change. OpenAI was recently valued at $852 billion in a funding round.

AI & Enterprise

OpenAI report on missing user and revenue targets sends Nvidia down 3 percent, AMD down 11 percent

Tech stocks fell after a report said OpenAI failed to meet last year’s user base and revenue targets. Nvidia shares dropped more than 3 percent and AMD fell 11 percent, while partners such as Arm Holdings and Oracle also declined. The Wall Street Journal reported that ChatGPT growth slowed from late last year and missed a target of 1 billion weekly active users. It also reported revenue goals were missed repeatedly.