Anthropic, OpenAI Pursue IPOs as Enterprise AI Spending Faces Pushback

TLDR: OpenAI’s 2025 net loss hit $38.5 billion despite revenue tripling to $13.07 billion overall. Uber, Amazon and JPMorgan now restrict employee AI usage after costs spiraled unexpectedly. Anthropic and OpenAI filed confidentially for IPOs, both targeting valuations near $850 billion. Chinese models DeepSeek and Kimi undercut Anthropic and OpenAI pricing in benchmark cost tests. [...]

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