OpenAI Rushes To Close $30 Billion Funding Round Ahead Of Anthropic's IPO

OpenAI is moving to lock in new investor commitments before rival Anthropic lists on the public market, in a round that could value the ChatGPT maker at more than $1.4 trillion. Round of about $30 billionThe company is seeking roughly $30 billion, one of the sources told Reuters. Existing backers, including Japan's SoftBank Group and Abu Dhabi-based MGX, are in talks to participate. Anthropic is widely expected to make its market debut in mid-November, and the timeline for OpenAI's raise is faster than is usual for a deal of this size, the report said. SoftBank and OpenAI declined to comment.