OpenAI’s Fundraising Efforts Sputter and Stall as Investors Refuse to Keep Cutting Checks

Anthropic officially filed to go public to the tune of up to $2 trillion dollars last week. The news served as the latest litmus test of how far investors are willing to go as fears of a major financial market reckoning continue to haunt chipmakers and hyperscalers. Sam Altman’s OpenAI, on the other hand, announced over the summer that it was putting off its own IPO until next year at the earliest, with managers telling staffers not to worry if Anthropic beats it to the punch. “There is a chance they pull the cover off that confidential file in the coming weeks and become public in September,” CFO Sarah Friar told employees in August.