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OpenAI and Anthropic have taken early steps to undergo IPOs, NY Times reports

Newsquawk Staff ·

OpenAI and Anthropic have taken early steps to undergo IPOs, NY Times reports.

What it means

OpenAI and Anthropic exploring IPOs signals increasing investor appetite for AI technologies amidst growing competition. This move could further attract capital into the tech space, particularly in equities tied to AI, impacting stocks like Microsoft that are heavily invested in the sector. Traders should watch for potential valuations and market reactions as these plans develop.

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