00:00It's interesting for OpenAI because it's been locked in this legal battle with Elon Musk for more than two years
00:06now.
00:06And now that's kind of cleared out of the way because a judge throughout the trial and this was after
00:13Elon Musk had alleged
00:15that the company was going against its initial mission of public good by becoming a for profit company. So with
00:22these legal
00:23troubles out of the way I think OpenAI would be very eager to get this IPO on the way. Sources
00:30telling Bloomberg that we could see
00:33confidential filing in a matter of weeks could come as soon as Friday. And the goal is for it to
00:39go public in the last quarter of this year.
00:42And the context here is the rivalry with other companies given how Anthropic is also rushing racing to public markets.
00:51And this is coming at a time where Anthropic seems to be making a lot of headway. It could turn
00:55a profit in this quarter just from
00:58the sheer revenue jump the popularity of its AI agent tools among enterprise customers as well. And here the race
01:06is really who gets to the
01:08public markets first and secures these investors. That's not to say that for OpenAI there aren't these challenges including concerns
01:16about
01:16its growth after it missed its own internal targets.
Comments