Anthropic still leads OpenAI. The lead got smaller this week.
Pre-IPO perps on Lighter put the gap at $449B implied, down 5.07% in 7 days. That is where traders sit, not an offer price.
Both have filed draft S-1s confidentially. A November listing for Anthropic has been reported but not confirmed. OpenAI has no date set.
We track both every day. Our reserve is live, built for listing day.
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