OpenAI reportedly races to raise $30 billion ahead of Anthropic IPO
OpenAI is accelerating an effort to secure roughly $30 billion in private funding at a valuation topping $1.4 trillion before rival Anthropic's anticipated mid-November initial public offering.
OpenAI is moving rapidly to lock in investor commitments for a private funding round of about $30 billion that could value the artificial intelligence company at more than $1.4 trillion, according to sources reported by Reuters and Bloomberg. The fundraising push represents a steep jump from OpenAI's $852 billion valuation recorded in March.[1][2][3][4][5][8][10]
The urgency is driven by Anthropic's expected public market debut in mid-November. OpenAI reportedly intends to close the round before Anthropic's public disclosures allow investors to directly benchmark the two competitors. Anthropic had sought a $2 trillion valuation, though some investors have pushed for a figure closer to $1.5 trillion.[4][7][8][11]
SoftBank Group, Abu Dhabi-based MGX, and other existing backers are in discussions to participate in OpenAI's round. OpenAI held meetings with long-only funds and sovereign wealth funds last week while Anthropic hosted its own investor day. To support the valuation, OpenAI has reportedly told investors that it generates $50 billion in annualized revenue and is targeting $70 billion by the end of the year.[3][6][9][11]
Key facts
- OpenAI is seeking about $30 billion in private funding at a valuation exceeding $1.4 trillion.
- OpenAI was valued at $852 billion in March.
- The fundraising acceleration is timed ahead of Anthropic's expected IPO in mid-November.
- Some Anthropic investors are pushing for a valuation near $1.5 trillion, compared to the $2 trillion the company sought.
- SoftBank Group and Abu Dhabi-based MGX are among existing backers in talks to join OpenAI's round.
- OpenAI met with long-only funds and sovereign wealth funds during Anthropic's recent investor day.
- OpenAI reportedly reported $50 billion in annualized revenue and set a year-end target of $70 billion.
Sources · 10 sources
- GU
GURGAVIN@gurgavinPost on X ·
OPENAI IS RUSHING TO RAISE MORE FUNDING BEFORE ANTHROPIC’S IPO PER REUTERS OPENAI IS LOOKING TO RAISE $30 BILLION AT A $1.4 TRILLION VALUATION OPENAI WAS VALUED AT $852 BILLION IN MARCH 73% CHANCE ANTHROPIC ANNOUNCES AN IPO THIS YEAR PER KALSHI OPENAI IS RUNNING OUT OF TIME https://t.co/GnJdUSVwUc
Open source - RE
Reuters@ReutersPost on X ·
EXCLUSIVE: OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say https://t.co/oGdTekpM4O https://t.co/oGdTekpM4O
Open source - UW
unusual_whales@unusual_whalesPost on X ·
OpenAI is reportedly racing to raise $30 billion at a valuation above $1.4 trillion, ahead of Anthropic’s expected November IPO, per Bloomberg OpenAI is reportedly telling investors it has $50 billion in annualized revenue and is targeting $70 billion by year-end.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨JUST IN: AI RIVALS OpenAI and Anthropic are RACING for investors' cash before going public. OpenAI is trying to raise about $30 BILLION at a valuation over $1.4 TRILLION, up from $852 BILLION in March, per Reuters. Anthropic is expected to go public in mid-November, with some investors pushing for a valuation near $1.5 TRILLION instead of the $2 TRILLION it wanted. OpenAI reportedly wants its round closed before Anthropic's IPO disclosures let investors compare the two.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 JUST IN: OpenAI is reportedly rushing to close a roughly $30 billion funding round that could value it above $1.4 trillion before Anthropic’s expected mid-November IPO, per Reuters. https://t.co/Hxs8Hx8a5k
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
OPENAI SEEKS $1.4 TRILLION VALUATION AHEAD OF ANTHROPIC IPO OpenAI is reportedly racing to raise $30 billion at a valuation exceeding $1.4 trillion before Anthropic’s expected November IPO. SoftBank and MGX are among potential investors. OpenAI reportedly claims $50 billion in annualized revenue, targeting $70 billion by year-end.
Open source - AG
AGTP@AGTPinsightsPost on X ·
BREAKING: OpenAI is rushing to lock in about $30B in funding ahead of Anthropic's expected mid-November IPO, in a round that could value the ChatGPT maker at over $1.4 trillion. https://t.co/DDUjetBXQ7
Open source - TE
TechmemeArticle ·
Sources: OpenAI is racing to secure investor commitments before Anthropic's planned IPO in mid-November, aiming to raise ~$30B; the round may value it at $1.4T+ (Reuters) Reuters : Sources: OpenAI is racing to secure investor commitments before Anthropic's planned IPO in mid-November, aiming to raise ~$30B; the round may value it at $1.4T+ — OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November …
Open source - TF
Tech Funding News@TFNBreakingNewsPost on X ·
💰@OpenAI is trying to secure about $30 billion at a valuation above $1.4 trillion. https://t.co/Plol0yeKeL @SoftBank and Abu Dhabi’s MGX, both existing backers, are in talks to join the round, one of the sources said. #ai #funding #ustech #vcfunding #innovation #investment #ipo
Open source - RE
Reuters@ReutersPost on X ·
Exclusive: OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion https://t.co/DwWnAyi8Et
Open source - CH
Chubby♨️@kimmonismusPost on X ·
Competition is heating up again: OpenAI is reportedly rushing a ~$30B raise at $1.4T+ so it closes before Anthropic's IPO in mid-November. $50B annualized revenue now, $70B targeted by year-end. Nobody wants to be priced next to the other one's S-1, seriously. https://t.co/kDPHvuOzUW
Open source