Altman downplays competition among AI giants' IPOs, says industry won't see winner-take-all dynamics
Just hours after competitor Anthropic confidentially filed its initial public offering (IPO) application, OpenAI CEO Sam Altman publicly downplayed any race among AI giants regarding their listing timelines. In an interview with David Faber of CNBC's "Power Lunch," Altman stated, "I believe this is a competition for best technology and business models, but going public is merely a financing event—we do not focus on timing." According to prior reports by Business Insider, Anthropic was founded in 2021 by former OpenAI employees and has grown into OpenAI's most formidable rival thanks to its popular coding product, Claude Code, reaching a valuation close to $1 trillion. Confidential IPO applications are typically submitted six to nine months before a company officially lists on stock exchanges. Regarding OpenAI's own progress toward an IPO, Altman described it as a fundraising-focused entity that currently lacks a confirmed timeline. It is also reported that ChatGPT developer plans to launch its IPO later this year. Altman further dismissed claims about single companies dominating the AI industry. He remarked, "The world will need a robust system composed of multiple providers, which would be highly beneficial." Meanwhile, Elon Musk-owned SpaceX has also been rumored to advance its listing soon, suggesting that potential IPOs from these three major players could reshape global capital markets.
