OpenAI accelerates push for about $30 billion in financing
OpenAI is accelerating its push for about $30 billion in financing. According to Reuters, OpenAI is aiming to complete this funding round at a valuation of more than $1.4 trillion before Anthropic goes public, a valuation at least 64% higher than the $852 billion it reached in March. OpenAI hopes to lock in commitments before Anthropic files its S-1 and lists in mid-November, so as to avoid a direct comparison. Subsequent reports said existing investors such as SoftBank and Abu Dhabi's MGX are in talks to participate; OpenAI told investors that growth accelerated after the release of GPT-6 Astra, with annualized revenue already reaching $50 billion and expected to rise to $70 billion by the end of the year. The financing is still in progress.
is accelerating its push for about $30 billion in financing. According to Reuters, OpenAI is aiming to complete this funding round at a valuation of more than $1.4 trillion before Anthropic goes public, a valuation at least 64% higher than the $852 billion it reached in March. OpenAI hopes to lock in commitments before Anthropic files its S-1 and lists in mid-November, so as to avoid a direct comparison. Subsequent reports said existing investors such as SoftBank and Abu Dhabi's MGX are in talks
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