[DEVELOPING] Reuters: OpenAI accelerating ~$30B raise at >$1.4T valuation ahead of Anthropic's expected IPO
Reuters reported on Oct 19, citing people familiar with the matter, that OpenAI is speeding up a raise of about $30B that could value it above $1.4T, up from $852B in March. SoftBank and MGX are among the backers reportedly in talks. The report says OpenAI is pitching investors $50B in annualized revenue. Some investors reportedly see the timing as an effort to secure capital before Anthropic's expected mid-November listing. The round is not closed, and OpenAI and SoftBank declined to comment. Secondary coverage relays the Reuters report, so it is treated as single-source.