Lates News

Citing foreign media reports and two people familiar with the matter, OpenAI is stepping up efforts to secure funding commitments from investors, hoping to complete the financing before competitor Anthropic's expected mid-November listing. The fundraising effort is moving unusually fast and could value OpenAI at more than $1.4 trillion. The people said the accelerated process is partly because OpenAI wants to lock in capital ahead of Anthropic, as the two frontier AI companies increasingly compete for the same pool of investors. In addition, OpenAI hopes to leverage revenue growth achieved after the recent launch of new models to attract more investment. One of the people familiar with the matter said SoftBank Group, Abu Dhabi-based MGX and other existing OpenAI investors are in talks to participate in the roughly $30 billion funding round.