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OpenAI files SEC paperwork to go public
Key takeaways
- "We expect it to leak so we're just announcing it."
- Evolf/Shutterstock Exactly a week after Anthropic announced its plan to go public, Open AI has followed suit.
- We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company.
"We expect it to leak so we're just announcing it."
Evolf/Shutterstock Exactly a week after Anthropic announced its plan to go public, Open AI has followed suit. The company said on Monday that it confidentially submitted a S-1 form with the Securities and Exchange Commission. No date or offer price has been set by Open AI yet for the initial public offering.
"We recently submitted a confidential S-1. We expect it to leak so we're just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best," the company wrote on its website.
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