# OpenAI currently faces competition from Anthropic, which has also filed papers for its IPO, and Google's Gemini.

*genai · news · 2026-06-08 · CNBC TV18*

## Key points

- OpenAI has confidentially filed IPO papers with the US SEC on June 8, 2024.
- OpenAI is working with Goldman Sachs and Morgan Stanley, targeting a listing as soon as this fall.
- A tender sale of shares for employee liquidity is planned before the IPO.
- OpenAI raised $122 billion in a recent funding round at an $852 billion valuation.
- OpenAI has missed internal revenue and user growth targets, triggering executive departures.

OpenAI currently faces competition from Anthropic, which has also filed papers for its IPO, and Google's Gemini. Founded more than a decade ago, OpenAI launched the generative AI boom with the release of ChatGPT in 2022. By CNBCTV18.com OpenAI, the maker of ChatGPT has confidentially filed papers for an Initial Public Offering (IPO) on Monday, June 8, joining its Artificial Intelligence (AI) rivals to seek public money to fund its growth plans. In a statement released on Monday, OpenAI said that it has filed IPO papers with the Securities and Exchange Commission (US SEC), and is working with Goldman Sachs and Morgan Stanley on a potential listing as soon as in the fall, as per a Bloomberg report. The company also stated that it has not decided on a set time yet to go public as they may want to do things that are easier to execute as a private company but will choose the option to go public sooner if that is the best alternative available. Bloomberg's report also states that the company is planning on launching a tender sale of shares to provide liquidity to employees in the coming weeks before heading to the IPO route. OpenAI currently faces competition from Anthropic, which has also filed papers for its IPO, and Google's Gemini. Founded more than a decade ago, OpenAI launched the generative AI boom with the release of ChatGPT in 2022. Earlier reports indicated that the company had missed its own internal revenue and user growth targets, which had triggered a brief sell-off on Wall Street. Additionally, several key executives have quit and the company is also grappling with streamlining its slate of product offerings. OpenAI recently dwarfed the SpaceX IPO in a single funding round. The company raised $122 billion from investors recently, albeit at a lower valuation of $852 billion, compared to the SpaceX IPO valuation figure of $1.8 trillion. AI-linked companies are already raising billions to fund their ambitious growth plans. Google-parent Alphabet recently announced a $85 billion equity offering, while the Financial Times reported of a similar plan from Meta. The company had told investors in February that it plans to spend around $600 billion on AI infrastructure by 2030. (With Inputs From Agencies)

**Companies:** OpenAI, Google, Anthropic, SpaceX
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/openai-confidentially-files-ipo-papers-joins-rivals-anthropic-spacex-competition-timeline-ws-el-19921812.htm)

---

Canonical: https://newsio.io/n/f33c2cc9-8dd1-439f-8cba-0599811706da/openai-currently-faces-competition-from-anthropic-which-has-also-filed-papers-fo
Summarized by Newsio from CNBC TV18. https://newsio.io/how-it-works