In the third quarter, OpenAI’s revenue rose about 50% to $10 billion. Nonetheless, the Wall Street Journal reported that the company behind ChatGPT was still reporting significant operating losses. OpenAI informed investors that its adjusted operating margin had improved to -109% from -150% in the prior quarter, according to records obtained by The Wall Street Journal.
In a filing with the US Securities and Exchange Commission, the manufacturer of the Claude AI models said it hopes to sell 825 million shares at a price between $70 and $78 (€62.44–€69.58). The ticker for the shares will be “ANT.
According to the filing, seven big companies, including Google, Nvidia, AMD, and Microsoft, have also decided to purchase $26 billion (€23.2 billion) worth of non-voting shares at the IPO price in a separate private placement.
These businesses either invest in Anthropic or provide significant processing power for it. Anthropic was expected to raise up to $100 billion (€89.2 billion), making it the biggest IPO in history. Art Hogan, chief market strategist at B. Riley Wealth Management, told AFP that investors’ concerns about the cost of the AI buildout and how it is financed are “just another chapter” in Anthropic’s listing.
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