OpenAI Prepares for IPO with Confidential Files

OpenAI secretly filed its initial public offering (IPO) with the U.S. Securities and Exchange Commission, a move that gives it the option to enter the market at a suitable future time. This initiative came a week after Anthropic filed a similar document, and it precedes what is expected to be the largest launch in Wall Street's history—SpaceX. There are rising expectations that high-tech companies are heading toward public markets to raise substantial funding to expand their operations and develop their models.

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