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Tue, 09 Jun 2026

Tue, 09 Jun 2026 AI giants' race to raise funds heats up as ChatGPT-owner plans stock market debut

The company behind ChatGPT files its plans one week after Anthropic did the same.

* OpenAI, the company behind ChatGPT, has filed plans with the US Securities and Exchange Commission (SEC) to go public through an initial public offering (IPO).
* This comes just one week after rival AI firm Anthropic announced its own IPO plans.
* OpenAI's decision is seen as a major development in the rapidly growing AI industry, which has been investing heavily in infrastructure and research.
* The company cited a "vast need for cash" to fund its ongoing investments in AI, including chips and training its models.
* OpenAI and Anthropic have been fierce rivals since 2017, when Dario Amodei co-founded Anthropic after leaving OpenAI over disagreements with Sam Altman.
* The companies are now competing to be the first to debut on the public stock market, which is expected to give them billions of dollars in capital.
* By listing on the stock market, OpenAI will need to become more transparent about its financials and product pipeline, which could impact its fundraising ability and deal-making capabilities.