— It may be a while because there are things we want to do that are likely easier as a private company, the message says, and adds: — But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.
This is just the first step of eventually filing publicly and paving the way for a proper market entry, which should give journalists and financial analysts a better look at their books, including risks and opportunities and real revenue numbers.
OpenAI’s most recent fundraise in April valued the company at $852 billion and saw companies such as Amazon, Nvidia and SoftBank pour in tens of billions each for a round worth $110 billion.
They said at the time that they had surpassed 900 million weekly users and had 50 million paying subscribers, and 6x the monthly web visits than the next AI app.
Anthropic filed confidentially just last week, and along with SpaceX, it sets up a season of some of the largest market entries ever. All three companies are expected to reach valuations of a trillion dollars or more.
Read more: OpenAI’s message, Reuters, CNBC, Engadget, and TechCrunch.