Update
OpenAI Accelerates $30 Billion Fundraising Round
OpenAI is reportedly accelerating a $30 billion fundraising round, seeking commitments ahead of Anthropic’s expected November IPO. SoftBank and Abu Dhabi’s MGX are among existing backers discussing participation. Both companies are approaching an identical investor base, with OpenAI seeking to secure funding before Anthropic’s financial disclosures provide a fuller basis for comparison. OpenAI’s accelerated timetable could value the company at over $1.4 trillion, up from its $852 billion valuation in March. Anthropic previously raised $65 billion at a $965 billion valuation to support compute expansion, research, and product development, focusing on enterprise customers and specialized coding workflows.