OpenAI Seeks $30 Bn Funding at $1.4 Tn Valuation Ahead of Anthropic IPO: Report
OpenAI is accelerating a $30 billion fundraising round ahead of rival Anthropic's anticipated November IPO, according to Reuters. Existing backers SoftBank and MGX are in active discussions to join the round. The company is pitching investors on revenue growth following its GPT-6 Astra model launch, claiming annualized revenue has reached $50 billion with projections to $70 billion by end of 2026. OpenAI's last valuation was $852 billion in March 2026.
Key points
- OpenAI seeking $30 billion at $1.4 trillion valuation
- SoftBank and MGX among existing investors in talks to participate
- Company claims $50 billion annualized revenue, projects $70 billion by end of 2026
- Funding push timed before Anthropic's expected IPO
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Analytics India Magazine did the reporting; read the original for the full story.
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