OpenAI is preparing for an initial public offering in the fourth quarter to precede a potential listing by rival Anthropic. The ChatGPT maker hired new finance executives and is holding informal talks with Wall Street banks as it seeks to raise over $100 billion at an $830 billion valuation. The company is simultaneously negotiating pre-IPO investments with Amazon and SoftBank to fund AI infrastructure and chip deals.
OpenAI plans Q4 IPO to beat Anthropic to market
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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