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    OpenAI Confidentially Files for IPO, Joining Anthropic in Race to Wall Street

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    OpenAI Confidentially Files for IPO, Joining Anthropic in Race to Wall Street
    OpenAI’s brand is in trouble right now. The company is simultaneously preparing for an IPO while projecting losses of $14 billion by the end of 2026. That is not a stable platform from which to build an enterprise brand.

    OpenAI’s confidential filing comes shortly after the company prevailed against Elon Musk’s $150 billion lawsuit. 

    Whether OpenAI ultimately beats Anthropic to the public markets remains to be seen.

    OpenAI had no additional comment beyond its post announcing the filing.

    Just two days after OpenAI launched its self-service ads platform in the U.S., the ChatGPT maker said it will expand its ads pilot to the UK, Japan, South Korea, Brazil, and Mexico markets in the coming weeks. 

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