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The Nexus
BUSINESSJun 8 · 23:16 UTCSEMAFORBrendan Ruberry

OpenAI files to go public in major test of AI investment boom

OpenAI confidentially filed for an IPO, joining Anthropic and SpaceX in a potential wave of major US tech debuts. Valued at over $850 billion, OpenAI faces competition from Anthropic’s Claude, Google’s Gemini, and SpaceX, while burning cash despite raising $180 billion and leading in user count.

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