As OpenAI and Anthropic move closer to potential IPOs, copyright litigation, regulatory scrutiny, and cashflow sustainability are emerging as decisive investor risks. This in-depth analysis examines why Anthropic appears more IPO-ready than OpenAI, how unresolved copyright lawsuits could delay listings beyond 2026, and how OpenAI’s projected $25bn advertising revenue by 2030 reshapes its financial outlook.

Who wins the next phase of AI search: OpenAI’s ChatGPT or Google’s Gemini? In this analysis, Modi Elnadi breaks down what’s happening as GPT-5.2 is reportedly pulled forward under an internal “code red” to answer Gemini 3’s leap in reasoning benchmarks like Humanity’s Last Exam and ARC-AGI-2. The article explains what changed in late 2025, where the battle is playing out (AI Mode in Search, ChatGPT, and enterprise workflows), and why compute economics matter as TPUs challenge GPUs and OpenAI eyes a potential 2026 IPO. It frames the “power shift” through distribution, speed, and cost: Google can push Gemini into Search at scale, while OpenAI must prove ChatGPT feels snappier and reliable for agentic work. You’ll learn how marketers should respond now: multi-source models, measure cost-per-outcome, and shift from keyword SEO/PPC thinking to AEO with schema, FAQs, and answer-first content.