Anthropic, OpenAI Pursue IPOs as Enterprise AI Spending Faces Pushback
OpenAI and Anthropic are pursuing confidential IPO filings with valuations near $850 billion each, despite facing significant profitability challenges and enterprise pushback on AI costs. Major companies like Uber, Amazon, and JPMorgan have restricted employee AI usage due to unexpected cost spirals, while Chinese competitors DeepSeek and Kimi undercut Western AI pricing.
