Anthropic IPO Targets Mid-November as OpenAI Races for $30 Billion at $1.25T-$1.4T Valuation

Anthropic’s anticipated mid-November IPO is becoming a race for investor capital as rival OpenAI seeks to secure roughly $30 billion in private funding before public markets get their first detailed look at the Claude developer’s finances. Reuters reported on October 19 that OpenAI was accelerating fundraising discussions at a potential valuation exceeding $1.4 trillion. Three days later, TechCrunch reported, citing CNBC, that negotiations involved a lower $1.25 trillion pre-money valuation. Neither figure represents a completed financing. The timing is significant. Both companies are approaching institutional investors that must decide how much capital to allocate to competing AI developers, just as rising infrastructure costs and weaker technology markets intensify scrutiny of trillion-dollar valuations.

First reported by FinanceFeeds. This page is a short excerpt; the full text is theirs.