OPENAI SEEKS TO ACCELERATE FUNDRAISING AHEAD OF ANTHROPIC IPO , SOURCES SAY

What happened: OpenAI is seeking to accelerate a fundraising round ahead of rival Anthropic's expected IPO in mid-November, according to sources. Key numbers: Round of about US$30 billion; potential valuation over US$1.4 trillion; OpenAI annualised revenue US$50 billion, expected US$70 billion by end-2026; Anthropic annualised revenue roughly US$65 billion by July; OpenAI last valued Why it matters: Investors say the move may lock in capital that could otherwise go to Anthropic's offering, as both labs compete for a similar investor base amid market volatility and scrutiny of AI valuations. Coverage: 6 outlets in 24h

OpenAI is seeking to accelerate a fundraising round ahead of rival Anthropic's expected IPO in mid-November, according to sources.

Investors say the move may lock in capital that could otherwise go to Anthropic's offering, as both labs compete for a similar investor base amid market volatility and scrutiny of AI valuations.