Going public will allow OpenAI, valued at $852 billion, to inject more cash into its business as the AI race quickens.

OpenAI, Anthropic and SpaceX will soon have a new boss to answer to: Wall Street.

“By consistently holding 2028 as our earliest date for an IPO, Perplexity has been able to build a healthy, high-growth business,” Chief Business Officer Dmitry Shevelenko said in an emailed statement...