OpenAI accelerates push for about $30 billion in financing

CNBC Technology

OpenAI Nears Completion of Up to $30 Billion Funding Round at a $1.25 Trillion Valuation

OpenAI is nearing completion of a funding round of up to $30 billion at a valuation of $1.25 trillion, led by UAE investors and Coatue, with the valuation excluding the newly raised funds. The round is positioned as an opportunistic bridge ahead of a potential IPO, and OpenAI is also in talks with the UAE to secure more computing power. The company confidentially filed its prospectus with the SEC in June, and CFO Sarah Friar has said OpenAI will become a public company in 2027.

Yicai

OpenAI Pushes Forward With $30 Billion Fundraising; Anthropic Prospectus Discloses Massive Compute Commitments

OpenAI is advancing roughly $30 billion in fundraising with a target valuation above $1.4 trillion, seeking to lock in investor commitments before Anthropic's IPO, which is expected to launch in November. Anthropic's draft prospectus shows revenue of $16.3 billion and a net loss of $80.7 billion for the first half of 2026, of which about $72 billion comes from accounting charges related to changes in the valuation of financing instruments such as convertible notes; its existing compute-related commitments already exceed $600 billion. Since October, AI-related stocks have come under pressure, with SOXX down about 16.15% from October 2, as the market begins to reassess the payback period for massive capital expenditures.

Analytics India Magazine

OpenAI plans to raise $30 billion at a $1.4 trillion valuation, ahead of Anthropic's IPO

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.

china_com_tech

English translation is being prepared.

36Kr · AISelected

OpenAI advances roughly $30 billion funding round, aiming to lock in investors ahead of Anthropic's IPO

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.

Rohan Paul

OpenAI seeks to raise about $30 billion at a valuation of over $1.4 trillion, aiming to close before Anthropic's IPO

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.

CTech

OpenAI Seeks About $30 Billion in Funding Ahead of Anthropic IPO, Valuation May Exceed $1.4 Trillion

OpenAI is accelerating efforts to raise about $30 billion in new funding before Anthropic's expected mid-November listing, a round that could value it at more than $1.4 trillion. Reuters reported that existing investors including SoftBank Group and Abu Dhabi's MGX are in talks to participate, and that OpenAI has told investors its annualized revenue is $50 billion and is expected to reach $70 billion by year-end. Anthropic's third-quarter revenue was $16.8 billion, up from $11.6 billion in the second quarter and $4.7 billion in the first quarter, and its annualized revenue had already reached about $65 billion in July.