tech
April 3, 2026
Why Anthropic and OpenAI want to go public
"Stay private longer" doesn't apply here.
TL;DR
- Anthropic and OpenAI are reportedly planning to go public, aiming to beat each other to market.
- Unlike other tech companies that stay private longer, these AI firms face a unique need for capital due to expected trillion-dollar valuations.
- The private market offers liquidity but may not be deep enough to support the massive scale and growth of these companies.
- Both companies have substantial cash reserves, have made recent acquisitions (Anthropic for Coefficient Bio, OpenAI for TBPN), and can access retail investors privately.
- The need to fund extensive GPU purchases and potentially large acquisitions necessitates a move beyond private funding.
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