OpenAI Chief Financial Officer Sarah Friar said at an all-hands meeting on Wednesday that the company expects to go public in 2027, or potentially sooner if growth continues. The company filed a confidential S-1 registration statement with the SEC more than two months ago. OpenAI raised $122 billion in March, giving it a post-money valuation of $852 billion. Rival Anthropic has also filed confidentially and could reach the market this autumn with a $2 trillion valuation, but Friar assured that the company is running its own race. OpenAI generated $6.7 billion in revenue in the second quarter, up 18 percent, with an annualized run rate now exceeding $40 billion.
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