OPENAI RUSHES TO CLOSE $30 BILLION FUNDING ROUND AHEAD OF ANTHROPIC IPO

What happened: OpenAI is seeking about $30 billion in new funding ahead of rival Anthropic's expected mid-November market debut, in a round that could value it above $1.4 trillion. Key numbers: About $30 billion sought. Valuation could exceed $1.4 trillion. Why it matters: The two AI labs are courting an overlapping pool of investors, and sources say OpenAI wants to close before Anthropic's IPO filings invite side-by-side comparisons. Some Anthropic investors have argued for a debut valuation nearer $1.5 trillion rather than $2 trillion. Coverage: 6 outlets in 24h

OpenAI is seeking about $30 billion in new funding ahead of rival Anthropic's expected mid-November market debut, in a round that could value it above $1.4 trillion.

The two AI labs are courting an overlapping pool of investors, and sources say OpenAI wants to close before Anthropic's IPO filings invite side-by-side comparisons. Some Anthropic investors have argued for a debut valuation nearer $1.5 trillion rather than $2 trillion.