OpenAI reportedly races to raise $30B before Anthropic's IPO
These are anonymous-source reports of talks; OpenAI and SoftBank declined to comment, and no round has closed. The valuation is private financing, not a public market value. The revenue figures are run rates OpenAI gave investors, not recognized annual revenue, and are on a different accounting basis from Anthropic's. This edition read a republished copy dated October 20; the original Reuters timestamp was not checked.
What was claimed?
Reuters reported, citing two people familiar with the matter, that OpenAI is trying to secure investor commitments before Anthropic's expected mid-November market debut, in a round of about $30 billion that could value it above $1.4 trillion. SoftBank, Abu Dhabi-based MGX and other existing backers are in talks to join, one person said. OpenAI was last valued at $852 billion in March.
What does the evidence support?
Reported claim, not independently established
The two largest private AI labs are competing for the same investors within weeks of each other. One person said OpenAI is also pitching $50 billion of annualized revenue, rising to an expected $70 billion by year-end, and investors say it needs capital for its infrastructure commitments.
What are the limits?
These are anonymous-source reports of talks; OpenAI and SoftBank declined to comment, and no round has closed. The valuation is private financing, not a public market value. The revenue figures are run rates OpenAI gave investors, not recognized annual revenue, and are on a different accounting basis from Anthropic's. This edition read a republished copy dated October 20; the original Reuters timestamp was not checked.
Claim or evidence date: 2026-10-20. Last verified: .
Reuters via Aaj English · OpenAI seeks to accelerate fundraising ahead of Anthropic IPO ↗
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