OpenAI may Delay IPO Until Next Year

BlockBeats News, August 1st, according to The Wall Street Journal report, OpenAI may delay its IPO until next year. Individuals familiar with the matter revealed that in recent months, some of OpenAI's major investors have privately expressed concerns about the startup's cash burn rate outpacing its growth, while other investors have hedged their bets on OpenAI by investing in Anthropic. Meanwhile, Anthropic's revenue growth has recently surpassed that of OpenAI, as has its valuation.

According to sources familiar with the matter, Anthropic is accelerating its plans for a fall IPO and has begun meeting with potential investors, emphasizing its lead over the ChatGPT maker. Initially looking to go public ahead of Anthropic, OpenAI may now wait until next year to IPO.