OpenAI seeks to accelerate fundraising ahead of Anthropic IPO: Reuters
The ChatGPT maker is pitching $50 billion in annualized revenue and seeking to close before Anthropic’s disclosures invite direct comparisons.
- OpenAI is racing to secure commitments for roughly $30 billion before rival Anthropic's expected public market debut in mid-November, according to two people familiar with the matter. The fundraising could value the ChatGPT maker at over $1.4 trillion.
- Market volatility has disrupted IPO plans as Blackstone-backed AirTrunk REIT, Nvidia-backed Firmus, and SoftBank-backed energy companies have paused or pulled listings. Nuclear services company Holtec cited a "perfect storm" driven by data-center demand uncertainty when it withdrew last month.
- OpenAI is pitching investors on growth after launching GPT-6 Astra, citing $50 billion in annualized revenue with expectations to reach $70 billion by year-end. The round targets capital from funds otherwise considering Anthropic's separate offering.
- Investors face the challenge of allocating capital to two complex, competing offerings within weeks. Some existing and prospective Anthropic investors have argued for a valuation closer to $1.5 trillion instead of the desired $2 trillion, citing third-quarter results.
- Cloud provider CoreWeave's shares tumbled last week amid scrutiny of its $50 billion in expansion borrowings. Companies in the Philadelphia Semiconductor Index have shed $1.6 trillion in value, weighing on investor appetite for AI infrastructure plays.
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(Seoul = Yonhap News) Reporter Jung Joo-ho = OpenAI has secured approximately $30 billion (about 40.3 trillion won) in investment ahead of competitor Antropic's initial public offering (IPO)...
OpenAI seeks $1.4 trillion valuation in $30 billion funding push ahead of Anthropic IPO - Tech Startups
OpenAI is racing to raise roughly $30 billion at a valuation exceeding $1.4 trillion before rival Anthropic makes its expected stock market debut in November. The ChatGPT maker is moving to secure investor commitments ahead of what could become one […] The post OpenAI seeks $1.4 trillion valuation in $30 billion funding push ahead of Anthropic IPO first appeared on Tech Startups.
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Exclusive-OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
NEW YORK, Oct 19 : OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion, according to two people familiar with the matter.The rapid timetable reflects,
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