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The Nexus
BUSINESSJun 8 · 21:55 UTCFORTUNEBloomberg, Shirin Ghaffary, Bailey Lipschultz

ChatGPT maker OpenAI confidentially files for IPO, a week after Anthropic

OpenAI filed confidentially for an IPO, working with Goldman Sachs and Morgan Stanley, though timing remains undecided. The company faces competition from Anthropic and Alphabet Inc.'s Google and has encountered challenges like missing revenue targets and executive departures. OpenAI recently raised $122 billion at an $852 billion valuation.

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