New Delhi, May 22 -- US-based Anthropic and OpenAI, the world's two largest artificial intelligence (AI) startups and bitter rivals, are said to be eyeing IPOs at $1 trillion valuations each. India has, however, remained quiet since its chaotic five-day AI Impact Summit in February. Most domestic AI firms have yet to make a significant impact, and India's leading enterprises continue to partner primarily with American giants. Where do India's AI startups stand? Mint explains.

On Wednesday, the Wall Street Journal (WSJ) reported that OpenAI was looking for a public listing by October this year. The startup is valued at $852 billion as of 31 March. Last week, the Financial Times (FT) reported Anthropic's upcoming fundraise at a valuation o...