Business · Companies · 2 hrs ago

OpenAI seeks to speed up fundraising ahead of possible Anthropic IPO

OpenAI seeks to speed up fundraising ahead of possible Anthropic IPO

OpenAI is seeking to speed up its fundraising as rival Anthropic prepares for a possible stock-market listing.

The companies are both artificial intelligence firms, but no details of OpenAI’s fundraising plans are provided.

Anthropic’s potential IPO is the backdrop to OpenAI’s move.

An IPO is when a company first sells shares to the public.

The move could bring OpenAI funding sooner, though the amount and timing are not stated.

No further steps or confirmed IPO date are given.

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