OpenAI and Anthropic Race to IPO

OpenAI is secretly preparing for its IPO, entering a high-stakes race with rival Anthropic as both vie for public market dominance in the AI boom — despite mounting financial pressures, massive data center costs, and uncertain cash flow timelines, investor interest remains fierce, with Anthropic’s valuation briefly surging ahead, but OpenAI still seen as a key player in the AI arms race as SpaceX looms on the horizon.

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