Confusion The artificial intelligence (AI) startup plans to go public in 2028, the CEO says.
This will happen regardless of investors’ reaction to initial public offerings (IPOs) from competitors Anthropic and OpenAI, Aravind Srinivas He told CNBC on Tuesday (June 9). interview.
“Regardless of those two companies, we were planning something in 2028, so that is still the case,” he said.
The report notes that Srinivas had previously said he was confused There are no plans to list Before 2028, which means these new comments point to a more stringent timeline.
The interview came shortly after OpenAI Provided confidentially For public subscription. Anthropic did the same thing last week. Also covered here last week were the IPOs from OpenAI, Anthropic, and Elon Musk SpaceX It will represent three of Largest stock market listings In history.
“I definitely think there will be ripple effects if things don’t go well, like there’s no sugar coating on that,” Srinivas said. “The SpaceX IPO this week will definitely be a major indicator of how Anthropic or OpenAI goes.” “I think it’s important for the AI industry that these IPOs go well, and I actually think they will go well, because they’re going well.”
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The report notes that Anthropic and OpenAI’s valuations face scrutiny from investors. It was OpenAI With a value of 852 billion dollars In March, while the Anthropic Evaluation is Approaching $1 trillion.
Srinivas said the two startups deserve their hefty valuations because they are “on the border.” He added that a slowdown in innovations could lead to a decline in these numbers, but said there is no indication that is happening at the moment.
“If for six months you don’t see progress in modular capabilities from one of these two companies, that’s a problem for them,” Srinivas said.
In related news, PYMNTS wrote on Monday (June 8) about OpenAI’s plans for Big repair ChatGPT, which combines AI agents, coding tools, and third-party services into one platform.
The risks are “strategic and financial” OpenAI is on track to lose $14 billion this year, the report said, even though it generates $20 billion in annual revenue and brings in 900 million weekly users — only 5.5% of whom are paying subscribers.
“Enterprises already represent more than 40% of OpenAI’s revenue, and are on track to reach consumer parity by the end of 2026,” the report added.
“Turn ChatGPT into a funnel that moves free users towards higher value paid products, especially their own Codex coding toolThe way to fill this gap may be before an expected IPO.
