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OpenAI Plans Fourth-Quarter IPO in Race to Beat Anthropic to Market: Report
OpenAI aims to raise $100 billion in private funding to cover compute costs and secure runway before a Q4 IPO, competing with rival Anthropic for market lead.
- This year, OpenAI is in talks with Wall Street investment banks about a fourth-quarter IPO while reportedly seeking $100 billion privately, with Amazon possibly covering half.
- To cover soaring compute and infrastructure spending, OpenAI is seeking large-scale capital as reports say a pre-IPO funding round would calm investors worried about cash burn.
- OpenAI has opened informal bank talks and beefed up finance leadership, hiring Ajmere Dale as chief accounting officer and Cynthia Gaylor as corporate business finance officer amid a reported $500 billion valuation.
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He wants to beat the rival Anthropic in the race to be the first startup of Ai generative listed. In view of the operation strengthens the top: hired two new top executives for accounting and relations with investors
·Milan, Italy
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Coverage Details
Total News Sources18
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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