OpenAI Files For U.S. IPO
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OpenAI files for IPO, says AI should not concentrate power as it enters 'third phase' of growth
Alongside the IPO announcement, OpenAI chief executive officer Sam Altman published a lengthy post outlining the company's vision for the next phase of AI development, arguing that artificial intelligence should be broadly distributed rather than controlled by a handful of companies or governments.
The release of chatbot Claude propelled Anthropic ahead in the AI race. The company's annualized revenue soared from $9 billion in 2025 to over $47 billion in May.