OpenAI seeks to accelerate fundraising ahead of Anthropic IPO
OpenAI is racing to lock in a roughly $30 billion round, at a valuation that could top $1.4 trillion, before Anthropic's expected mid-November IPO; SoftBank and MGX are in talks to join. It is pitching $50 billion in annualized revenue after GPT-6 Astra, heading to $70 billion by year-end, against Anthropic's roughly $65 billion as of July.