News · Yahoo Finance

OpenAI Is Racing to Raise $30 Billion Before Anthropic Goes Public

OpenAI is reportedly seeking about $30 billion at a valuation that could exceed $1.4 trillion, up from $852 billion in March, and aims to close before Anthropic's expected mid-November listing. SoftBank and Abu Dhabi's MGX are in talks, but nothing has been signed. OpenAI reportedly told investors it reached $50 billion in annualized revenue and expects $70 billion by year-end, though those figures are unaudited. The article suggests an early raise could let OpenAI set terms before a public benchmark exists, while Anthropic reportedly wants a $2 trillion IPO valuation and some investors have argued for about $1.5 trillion after its third-quarter results fell short of expectations.

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