OpenAI files paperwork for an IPO

OpenAI said Monday it has confidentially filed draft paperwork for an IPO, giving itself the option to tap public markets — even as the https://www.axios.com/2026/05/29/openai-biodefense-program" target="_blank">company says its focus remains on building new AI products and infrastructure rather than preparing for a listing.

Why it matters: The race is on between Anthropic and OpenAI to go public and tap investors for tens of billions of dollars.

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