OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same a...

If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.

Anthropic is forecast to generate $47 billion in revenue this year, well ahead of OpenAI's projected $30 billion, something it will achieve with less overall capital raised.