OpenAI Speeds Up Fundraising Before Rival Anthropic’s Upcoming IPO

OpenAI is reportedly seeking about $30 billion in investment commitments before rival Anthropic’s expected November stock-market debut, as both court some of the same backers. OpenAI is pushing to secure about $30 billion from investors before rival artificial intelligence developer Anthropic’s expected mid-November stock-market debut, Reuters reports. The ChatGPT maker is seeking commitments while the two companies approach increasingly overlapping backers, competing over where those investors allocate their money. The proposed round could value OpenAI above $1.4 trillion. SoftBank and Abu Dhabi-based investment fund MGX are among existing backers in talks to participate, according to the people cited by Reuters. OpenAI and SoftBank declined comment for the report; Anthropic and MGX did not immediately respond.

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