OpenAI has appointed Dali Rajic, former president and COO of Wiz, as its new chief revenue officer, taking over from Denise Dresser who will depart after a transition period.

The leadership change comes as OpenAI emphasizes expanding its enterprise business to compete effectively in a fast-evolving AI market and prepare for future growth, including a potential IPO.

Rajic brings a cybersecurity-focused background and a track record of building customer-centric, metrics-driven organizations to demonstrate measurable business impact for clients.

Analysts see SMCI as having notable growth potential and a strong GF Score, but warn that its low price-to-sales valuation and negative cash flow warrant caution.

GuruFocus values SMCI at about $91.37 per share, implying undervaluation relative to its current price around $39, though this valuation is less reliable for unprofitable firms.

SMCI holds a GF Score of 84/100, with strengths in growth (10/10) and profitability (8/10) but a weak valuation component (2/10).

Anthropic has also filed for an IPO and is engaging potential investors, with discussions centered on Claude models, market position, and product count, though no corporate valuation has been set yet.

ChatGPT carousels are expected to broaden inventory and boost ad relevance for retailers, potentially squeezing CPMs and CPCs due to greater supply.

OpenAI is expanding adtech partnerships, with brands like Grubhub testing integrations via AppsFlyer to measure ChatGPT ad performance, signaling maturation of the ad marketplace.

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Analysts warn that Anthropic’s IPO could set a valuation benchmark, while noting revenue reporting differences between OpenAI and Anthropic may influence investor perceptions.

Competition with Anthropic is prompting investors to watch which frontier AI leader lists first, influencing valuation expectations.