OpenAI may postpone its IPO until next year

According to the Wall Street Journal, OpenAI may postpone its IPO until next year.

Individuals involved in the discussions revealed that some of OpenAI's major investors have privately expressed concerns over the startup's cash burn rate relative to its growth in recent months, while other investors have hedged their bets on OpenAI by investing in Anthropic. Meanwhile, Anthropic's revenue growth has recently surpassed that of OpenAI, as has its valuation.

According to informed sources, Anthropic is accelerating its plans for a fall IPO and has begun meeting with potential investors, emphasizing its competitive edge over the ChatGPT maker. Initially hoping to go public before Anthropic, OpenAI may now wait until next year for its IPO.