OpenAI Accelerates Fundraising Ahead of Anthropic's IPO
Sources say OpenAI is accelerating its fundraising, aiming to lock in investors before Anthropic's mid-November IPO; the round is about $30 billion, with a valuation that could exceed $1.4 trillion. OpenAI says growth has sped up since the release of GPT-6 Astra, with annualized revenue already at $50 billion and expected to reach $70 billion by year-end.
OpenAI Accelerates Fundraising Ahead of Anthropic's IPO
Sources say OpenAI is speeding up fundraising to lock in investors before rival Anthropic goes public in mid-November. The round is about $30 billion, at a valuation that could exceed $1.4 trillion, with existing investors including SoftBank and Abu Dhabi's MGX in talks to participate.
OpenAI says growth has accelerated since the release of GPT-6 Astra, with annualized revenue already at $50 billion and expected to rise to $70 billion by year-end. The company raised $122 billion in March this year at a valuation of $852 billion.
Source: Reuters
