OpenAI’s Fast Fundraise Looks Like A Preemptive Strike On Anthropic

Reuters says OpenAI is seeking about $30 billion at a valuation over $1.4 trillion ahead of Anthropic’s expected mid-November debut. OpenAI is racing to raise about $30 billion at a valuation above $1.4 trillion, Reuters says, aiming to lock up big investors before rival AI lab Anthropic’s expected mid-November debut. Reuters, citing two people familiar with the talks, says OpenAI has been meeting long-only funds and sovereign wealth funds on a tight timeline, partly because both firms are courting the same deep pockets and an Anthropic IPO could absorb demand. OpenAI is also trying to set a reference point for how the market values “frontier” AI labs: it’s pitching fast growth and the ability to keep cutting model prices as usage rises, while it lines up cash for big infras..