Anthropic PBC has lined up banks to lead work on its IPO, according to people familiar with the matter, as the artificial intelligence company races its rival OpenAI to be first to go public.
OpenAI has spoken with banks including Citigroup Inc. and JPMorgan Chase & Co. about working on its upcoming initial public offering, according to people familiar with the matter.
The ChatGPT virtual assistant logo on a smartphone arranged in Riga, Latvia, on Friday, Aug. 16, 2024. The public release of advanced generative AI tools such as Google’s Gemini, Meta AI, and OpenAI’s ChatGPT over the past two years has heightened fears that millions of workers could be displaced. Photographer: Andrey Rudakov/Bloomberg
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