OpenAI races to close a roughly $30 billion round before Anthropic's IPO
Redacción IvokaOct 20, 12:00 PM 3 min
According to sources cited by Reuters, OpenAI is speeding up a round at a valuation above $1.4 trillion, with Anthropic expected to list in mid-November.
OpenAI is speeding up a funding round of around $30 billion at a valuation above $1.4 trillion ahead of Anthropic's expected mid-November IPO, according to sources cited by Reuters.
The facts
- Investors reportedly in talks include SoftBank Group, Abu Dhabi-based MGX and other existing backers.
- OpenAI told investors it reached $50 billion in annualized revenue and expects $70 billion by year-end.
- OpenAI records revenue on a net basis, subtracting partner shares, and has accused Anthropic of inflating its figures by reporting gross contract values.
- Reuters notes the rush comes amid concern about rising interest rates, tech-stock volatility and growing scrutiny.
- A possible OpenAI IPO in 2027 is mentioned.
Why it matters to you
These two companies make the models behind many of the tools you use. How much money they raise can affect how much they invest in new models and how they set prices, although the sources do not detail that. For now these are figures reported from anonymous sources: neither OpenAI nor the investors have published an official announcement of the round.
