OpenAI reportedly seeks to accelerate ~$30 billion funding round ahead of Anthropic's IPO

PANews, October 20 — According to an exclusive Reuters report, people familiar with the matter said OpenAI is seeking to complete a new funding round of about $30 billion at an unusually fast pace, hoping to finalize it before Anthropic's expected IPO in mid-November. SoftBank, MGX and other existing investors are in talks to participate, and the round could value OpenAI at more than $1.4 trillion. OpenAI has told investors that its annualized revenue has reached $50 billion and could reach $70 billion by year-end. In March this year, OpenAI completed a $122 billion funding round at a valuation of $852 billion.