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According to Reuters, OpenAI is accelerating a $30 billion fundraising at a valuation that could exceed $1.4 trillion, with existing investors including SoftBank and MGX in talks to participate. OpenAI told investors its annualized revenue has reached $50 billion and is expected to rise to $70 billion by the end of 2026; its previous valuation was $852 billion in March 2026. The report also mentions that Anthropic is expected to IPO in mid-November at a valuation of up to $2 trillion, with third-quarter 2026 revenue of $16.8 billion and first-half compute and infrastructure spending of nearly $9 billion.
illion, with existing investors including SoftBank and MGX in talks to participate. OpenAI told investors its annualized revenue has reached $50 billion and is expected to rise to $70 billion by the end of 2026; its previous valuation was $852 billion in March 2026. The report also mentions that Anthropic is expected to IPO in mid-November at a valuation of up to $2 trillion, with third-quarter 2026 revenue of $16.8 billion and first-half compute and infrastructure spending of nearly $9 billion.
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The Anthropic IPO draft seen by WSJ shows half-year revenue of $16.3 billion, a book loss of $80.7 billion, and compute commitments of about $450 billion. The draft discloses fixed payments of $252 billion to three major cloud providers over the next 7 to 10 years, including $111 billion to Google, $110 billion to AWS, and $31 billion to Microsoft, payable whether or not used. There is also over $160 billion in Google chip leasing (via Broadcom) and up to $86 billion in Nvidia GPU rental, plus $150 billion in deals under negotiation.
The Anthropic IPO draft seen by WSJ shows half-year revenue of $16.3 billion, a book loss of $80.7 billion, and compute commitments of about $450 billion. The draft discloses fixed payments of $252 billion to three major cloud providers over the next 7 to 10 years, including $111 billion to Google, $110 billion to AWS, and $31 billion to Microsoft, payable whether or not used. There is also over $160 billion in Google chip leasing (via Broadcom) and up to $86 billion in Nvidia GPU rental, plus $
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According to Bloomberg, former Google CEO Schmidt participated in Anthropic's Series A funding round in 2021, investing tens of millions of dollars, and currently holds about 1% of the company. The report says this proportion is about half of the 2% held by co-founder and CEO Dario Amodei; Anthropic is widely expected to go public before the end of the year, with a maximum valuation expectation of $2 trillion, at which point the value of Schmidt's stake could increase by as much as $20 billion. Neither Schmidt nor Anthropic immediately responded to requests for comment.
According to Bloomberg, former Google CEO Schmidt participated in Anthropic's Series A funding round in 2021, investing tens of millions of dollars, and currently holds about 1% of the company. The report says this proportion is about half of the 2% held by co-founder and CEO Dario Amodei; Anthropic is widely expected to go public before the end of the year, with a maximum valuation expectation of $2 trillion, at which point the value of Schmidt's stake could increase by as much as $20 billion.
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Anthropic has pitched a draft AI safety bill to Congress that would allow a model's release to be blocked when it poses a foreseeable, imminent risk that could cause 50 or more deaths or more than $1 billion in property damage. The risk must stem from the manufacture of bioweapons, the model evading its developer's control, or cyberattacks. The draft requires an independent evaluator registered with the U.S. Department of Commerce to determine the risk; the evaluator must report within 72 hours, after which the Commerce Department would apply to a Washington, D.C., judge for an order to halt the release. Federal agencies would not be allowed to decide on blocking a release themselves.
Anthropic has pitched a draft AI safety bill to Congress that would allow a model's release to be blocked when it poses a foreseeable, imminent risk that could cause 50 or more deaths or more than $1 billion in property damage. The risk must stem from the manufacture of bioweapons, the model evading its developer's control, or cyberattacks. The draft requires an independent evaluator registered with the U.S. Department of Commerce to determine the risk; the evaluator must report within 72 hours,
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According to Reuters, OpenAI is accelerating a roughly $30 billion funding round, targeting a valuation above $1.4 trillion, seeking to lock in investors before Anthropic's expected mid-November IPO; existing investors including SoftBank and Abu Dhabi's MGX are in talks to participate. OpenAI told investors that growth accelerated after the release of GPT-6 Astra, with annualized revenue already at $50 billion and expected to rise to $70 billion by year-end; Anthropic said its third-quarter revenue rose from $11.6 billion to $16.8 billion, but slowing month-over-month growth has raised valuation concerns. The two also differ on revenue recognition: OpenAI recognizes revenue on a net basis and has accused Anthropic of recognizing revenue on a gross basis under third-party cloud vendor contracts.
According to Reuters, OpenAI is accelerating a roughly $30 billion funding round, targeting a valuation above $1.4 trillion, seeking to lock in investors before Anthropic's expected mid-November IPO; existing investors including SoftBank and Abu Dhabi's MGX are in talks to participate. OpenAI told investors that growth accelerated after the release of GPT-6 Astra, with annualized revenue already at $50 billion and expected to rise to $70 billion by year-end; Anthropic said its third-quarter reve
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According to The Information, Anthropic has an unreleased model that can infer user goals from sparse instructions. The model outperforms Anthropic's current models in reasoning and intuitive judgment, including in cases where users have never explicitly stated their needs.
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Anthropic is in talks with Nscale for a second $45 billion compute agreement that would double its West Virginia reservation to 920 MW, adding another 460 MW building at the Monarch Compute Campus running Nvidia's Vera Rubin chips; Anthropic also holds a right of first refusal on the campus's expected third building. The first contract was signed in August, a six-year 460 MW lease with delivery starting at the end of 2027, averaging about $7.5 billion a year, or roughly $16.3 million per MW. Nscale's IPO filing lists the agreement with Anthropic at a value of up to about $44.6 billion, and the value of the second deal depends on whether the first Monarch building and its Vera Rubin racks can be powered on schedule by the end of 2027.
Anthropic is in talks with Nscale for a second $45 billion compute agreement that would double its West Virginia reservation to 920 MW, adding another 460 MW building at the Monarch Compute Campus running Nvidia's Vera Rubin chips; Anthropic also holds a right of first refusal on the campus's expected third building. The first contract was signed in August, a six-year 460 MW lease with delivery starting at the end of 2027, averaging about $7.5 billion a year, or roughly $16.3 million per MW. Nsc
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According to Reuters, OpenAI is seeking to raise about $30 billion at a valuation of more than $1.4 trillion before Anthropic's IPO, a valuation at least 64% higher than the $852 billion it reached in March. The two companies are competing for overlapping long-term funds and sovereign wealth funds, and OpenAI hopes to lock in commitments before Anthropic files its S-1 and goes public in mid-November, to avoid direct comparison. Anthropic's third-quarter revenue grew 45% to $16.8 billion, a slowdown from more than doubling in the second quarter, leading some investors to argue for a valuation of $1.5 trillion rather than $2 trillion.
According to Reuters, OpenAI is seeking to raise about $30 billion at a valuation of more than $1.4 trillion before Anthropic's IPO, a valuation at least 64% higher than the $852 billion it reached in March. The two companies are competing for overlapping long-term funds and sovereign wealth funds, and OpenAI hopes to lock in commitments before Anthropic files its S-1 and goes public in mid-November, to avoid direct comparison. Anthropic's third-quarter revenue grew 45% to $16.8 billion, a slowd
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