OpenAI is planning to go public in the fourth quarter of this year, aiming to become the first major generative AI company to enter the public markets. The move comes amid intense competition with Anthropic, which is also preparing for a potential IPO, as both companies race to secure a leadership position in the fast-evolving AI industry. OpenAI’s decision to pursue an initial public offering reflects growing confidence in its business model and the broader market appetite for AI-driven technology. The company has already built a strong foundation through partnerships with Microsoft, which has invested billions and provides critical cloud infrastructure and distribution support. The IPO could value OpenAI at over $150 billion, based on current market expectations and the company’s rapid growth. Investors are drawn to its flagship products like GPT-4, ChatGPT, and enterprise tools that are being adopted across industries ranging from healthcare to education and software development. Meanwhile, Anthropic has been making significant strides with its own AI models, including Claude, and has attracted major investments from companies like Amazon and Google. The startup has also emphasized safety and alignment in its AI development, differentiating itself from competitors. With both companies eyeing a public debut, the timing of their IPOs could have major implications for investor sentiment and the valuation of AI startups. A successful public offering by OpenAI could set a benchmark for the sector, while a delayed launch could give Anthropic an edge in capturing early market attention. OpenAI’s leadership is reportedly working closely with underwriters and legal advisors to finalize its filing with the U.S. Securities and Exchange Commission. The company is expected to provide more details on its financials, go-forward strategy, and governance structure in the coming months. As the race to go public intensifies, the outcome may not only determine which company reaches the market first but also shape the future of how AI innovation is funded, governed, and valued globally.