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OpenAI Races to Secure $30 Billion in Rapid Fundraising Ahead of Anthropic IPO
M
Moneycontrol•20-10-2026, 05:02
OpenAI Races to Secure $30 Billion in Rapid Fundraising Ahead of Anthropic IPO
- •OpenAI is accelerating a massive $30 billion fundraising round to lock in investor commitments before rival Anthropic's expected public market debut in mid-November.
- •The rapid timetable aims to tap into a similar investor base and capitalize on OpenAI's recent revenue growth following the launch of new models like GPT-6 Astra.
- •Existing backers such as SoftBank Group and Abu Dhabi-based MGX are reportedly in talks to participate in the funding round.
- •OpenAI hopes to complete the fundraising before Anthropic's financial disclosures provide a fuller picture of its business and invite direct comparisons between the two companies.
- •Both AI labs are pursuing trillion-dollar valuations amid rising market volatility, interest rate concerns, and increased scrutiny on AI infrastructure costs.
Key Questions Answered
OpenAI is racing to secure investor commitments in an unusually fast fundraising round of about $30 billion that could value the ChatGPT maker at over $1.4 trillion.
OpenAI pitched investors on growth that accelerated after launching its GPT-6 Astra model, stating that it reached $50 billion in annualized revenue and expects that figure to climb to $70 billion by year-end.
OpenAI records its revenue on a net basis by subtracting partner shares upfront, and it has accused Anthropic of inflating its revenue by counting the full, gross value of contracts sold via third-party cloud providers.
