5:02 AM ET · Oct 20

OpenAI races to raise about $30 billion at a $1.4 trillion-plus valuation before Anthropic's IPO

OpenAI is trying to lock in investor commitments for a round of about $30 billion before Anthropic's expected mid-November IPO, in a fundraising that could value the ChatGPT maker at more than $1.4 trillion, two people familiar with the matter told Reuters. SoftBank, Abu Dhabi's MGX and other existing backers are in talks to join. OpenAI is pitching $50 billion in annualized revenue after the launch of GPT-6 Astra and expects $70 billion by year-end, and wants the round closed before Anthropic's financial disclosures invite side-by-side comparisons. It was last valued at $852 billion in March.

Source: Reuters

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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
— *Walter Bloomberg (@DeItaone) Oct 19, 2026

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
— GURGAVIN (@gurgavin) Oct 19, 2026

*OPENAI RACES TO SECURE INVESTOR COMMITMENTS FOR PRIVATE ROUND BEFORE ANTHROPIC IPO, SOURCES SAY *OPENAI SEEKS $1.4 TRILLION VALUATION AHEAD OF ANTHROPIC IPO
— Investing.com (@Investingcom) Oct 20, 2026

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OpenAI races to raise about $30 billion at a $1.4 trillion-plus valuation before Anthropic's IPO

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