OpenAI Reportedly Seeks $30 Billion at $1.4 Trillion Valuation

OpenAI is reportedly seeking about $30 billion in new funding at a valuation above $1.4 trillion, aiming to secure commitments before Anthropic’s expected November IPO. SoftBank, Abu Dhabi’s MGX and existing investors are said to be in talks, though the financing’s size and valuation have not been finalized. OpenAI has told investors its annualized revenue reached about $50 billion and could rise to $70 billion by the end of 2026; Anthropic’s upcoming disclosures may give investors a fuller basis for comparing the companies. That comparison could be complicated by differing revenue-accounting practices, while OpenAI’s valuation may influence how investors price Anthropic’s debut and how much capital remains available for it.