00:00It's Benzinga, bringing Wall Street to Main Street.
00:03OpenAI is laying the groundwork for a public listing in the fourth quarter
00:06as competition with Anthropik intensifies, according to people familiar with the matter.
00:12The $500 billion startup is holding informal talks with Wall Street banks,
00:17expanding its finance team, and hiring senior leaders to prepare for a potential IPO.
00:23OpenAI is managing leadership changes, rising competition from Google,
00:28and a lawsuit brought by co-founder Elon Musk, seeking up to $134 billion.
00:34An IPO could bolster confidence as OpenAI faces questions over funding large AI infrastructure and chip commitments.
00:43OpenAI is pursuing a pre-IPO fundraising campaign this year
00:47that aims to raise more than $100 billion at a valuation of $830 billion.
00:53OpenAI executives are concerned Anthropik could reach an IPO first,
00:58as the rival startup signals openness to listing by year's end
01:02while reporting surging sales and pursuing a funding round expected to exceed $10 billion.
01:07For all things money, visit Benzinga.com.
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