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OpenAI Targets $30 Billion Funding Round at $1.4 Trillion Valuation Ahead of Anthropic IPO

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SFTBY$14.94 0.95%AMZN$262.45 4.98%

OpenAI is working to secure approximately $30 billion in fresh investment commitments in a financing round that would value the artificial intelligence developer at roughly $1.4 trillion. Existing investors, including SoftBank Group Corp. Unsponsored ADR (OTC:SFTBY) and Abu Dhabi-backed MGX, are discussing participation. The new valuation marks a significant increase from March, when OpenAI reached an $852 billion valuation after closing a $122 billion round that featured a commitment of up to $50 billion from Amazon.com, Inc. (NASDAQ:AMZN).

The rapid timeline aims to finalize terms before competitor Anthropic completes its initial public offering scheduled for mid-November, as both firms draw from a shared base of prospective investors. OpenAI's fundraising coincides with accelerating sales momentum following the launch of its GPT-6 Astra model. Annualized revenue has reached $50 billion and is projected to hit $70 billion by the end of the year, supported by price reductions on lower-tier models that drove higher user adoption.

Market focus now turns to whether OpenAI completes the deal before Anthropic lists shares publicly. Meanwhile, Anthropic is preparing for its debut with annualized revenue reaching about $65 billion in July and third-quarter revenue expanding to $16.8 billion. However, some investors are pushing for a valuation near $1.5 trillion rather than Anthropic's $2 trillion goal after third-quarter financial results missed expectations.

Key points

  • OpenAI is seeking about $30 billion in new funding at a target valuation of $1.4 trillion.
  • SoftBank Group Corp. Unsponsored ADR (OTC:SFTBY) and Abu Dhabi's MGX are in discussions to join the investment round.
  • The company's annualized revenue reached $50 billion following the GPT-6 Astra launch and is projected at $70 billion by year-end.
  • OpenAI is accelerating the fundraising timeline ahead of Anthropic's planned mid-November initial public offering.
  • Anthropic recorded $16.8 billion in third-quarter revenue, though investors are pushing for a $1.5 trillion valuation target.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is OpenAI's latest valuation target?

OpenAI is seeking a valuation of approximately $1.4 trillion in its latest funding round, up from $852 billion in March.

How much money is OpenAI raising in its new funding round?

OpenAI is in discussions to raise roughly $30 billion in new capital commitments from investors including SoftBank Group and MGX.

When is Anthropic expected to go public?

Anthropic is preparing for an initial public offering slated for mid-November, with investors considering a valuation around $1.5 trillion.