OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic’s decision to do the… …
After months of speculation about whether OpenAI or Anthropic would be first in their race to IPO, Anthropic on Monday reached a key milestone: filing to kick off the process with the U.S. Securities and Exchange Commission. The filing sets the stage for what’s sure to be a massive IPO. …
… Anthropic and OpenAI’s IPOs are both approaching. …
… And Anthropic, as part of its compute deal with “SpaceXAI”, is paying the company $1.25 billion per month through May 2029, per the filing and as reported by Axios. Update, May 20th: Added details about xAI’s revenue and Anthropic’s payments.
… Other executives have nevertheless expressed a desire to beat Anthropic to the public market. Any scandalous information about OpenAI’s C-suite could derail the IPO. …
… But Anthropic is ahead in coding. Anthropic is ahead in a lot of places. …
… The rocket is the lynchpin of SpaceX’s moneymaking plans, so it sort of has to work. The business and fantasy of space There is one viable business in this IPO. …
… As Bloomberg reports, Lime finally filed for an IPO on Friday, five years after it originally announced plans to go public. The Uber-backed micromobility company notes in its SEC filing that it intends to use the proceeds from the IPO to pay off debt. …
… OpenAI is racing to beat Anthropic and Musk’s xAI, which has been subsumed by SpaceX and is trying to IPO this summer. …
… OpenAI and Anthropic shifted their pricing plans for enterprise. OpenAI introduced in-platform advertisements. Anthropic, of course, restricted third-party tools. …