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OpenAI Reportedly Seeks $30 Billion Funding at $1.4 Trillion Valuation, Aims to Complete Before Anthropic IPO
OpenAI is reportedly accelerating its efforts to secure commitments from private investors, aiming to raise $30 billion at a valuation exceeding $1.4 trillion. The goal is to complete this funding round before competitor Anthropic's anticipated initial public offering (IPO) in November. Potential investors include SoftBank and MGX. OpenAI's annualized revenue is reportedly already $50 billion and is projected to increase to $70 billion by year-end.
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