{"text":[[{"start":9.4,"text":"OpenAI is preparing to file for a public listing as early as this week, with the AI lab aiming for a blockbuster initial public offering as soon as September. "}],[{"start":19.1,"text":"The company has been laying the groundwork for an offering expected to value it at north of $1tn, working with bankers at Goldman Sachs and Morgan Stanley and lawyers at Cooley over the past few months, according to people familiar with the matter. "}],[{"start":34.55,"text":"The group could file a draft IPO prospectus as early as Friday, starting the timer on a public listing for the autumn, they added. "}],[{"start":42.75,"text":"The company’s chief executive Sam Altman has been pushing for the $852bn start-up to go public ahead of its main rival Anthropic, which is also preparing to list as soon as this year. "}],[{"start":55.2,"text":"OpenAI’s chief financial officer Sarah Friar has urged a more cautious approach, said people familiar with the matter. "}],[{"start":62,"text":"That timing could shift depending on market conditions and on the performance of Elon Musk’s SpaceX, expected to go public next month in the biggest listing of all time."}],[{"start":71.95,"text":"As well as a desire to get in front of Anthropic, OpenAI executives want to send a clear signal to public market investors that they will soon have the opportunity to invest in the lab and should set aside capital to invest, said a person with knowledge of the situation."}],[{"start":87.7,"text":"The person added there is “a lot of gamesmanship” going on between the companies and that OpenAI hopes that filing its documents will help convince investors not to spend all their firepower on SpaceX."}],[{"start":100.10000000000001,"text":"The move could have an impact on SpaceX’s listing. The rocket maker is aiming to raise about $75bn at a $1.75tn valuation, according to people familiar with the matter. "}],[{"start":112.45,"text":"OpenAI has spent the past 12 months clearing potential obstacles to a public listing. The company converted to a for-profit last year, has spent recent months cutting back on costly “side quests” and this week won a long-running legal battle with Musk, who sued the company and Altman for “stealing a charity” by converting to the for-profit."}],[{"start":131.6,"text":"The start-up has raised close to $200bn as a private company, an unprecedented sum, but is looking to the public markets to provide further firepower in its battle against Anthropic. "}],[{"start":142.79999999999998,"text":"OpenAI, Morgan Stanley and Goldman Sachs declined to comment. The Wall Street Journal first reported that OpenAI planned to file as early as this week. "}],[{"start":152.64999999999998,"text":"Additional reporting by George Steer"}],[{"start":162.6,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1779334188_3275.mp3"}