OpenAI is reportedly racing to raise about $30 billion before Anthropic's expected mid-November listing. Two people familiar with the matter told Reuters the round could value the ChatGPT maker at more than $1.4 trillion. One of the people said SoftBank, Abu Dhabi-based MGX and other existing backers are in talks to join the round.
OpenAI was last valued at $852 billion in March, after a record $122 billion funding round. OpenAI reportedly held early talks with investors in September at a valuation near $1.2 trillion. The new target would be about 64% above the March valuation. OpenAI is pitching faster growth since launching GPT-6 Astra, citing $50 billion in annualized revenue.
Some investors reportedly discussed valuing Anthropic at about $1.5 trillion after disappointing third-quarter results. That valuation would be down from the $2 trillion Anthropic had sought. The reported valuation figures put the two labs roughly $100 billion apart.
One source said OpenAI wants to finish fundraising before Anthropic's disclosures let investors compare the two businesses side by side. Revenue accounting is central to that comparison. OpenAI deducts partner shares before booking revenue. OpenAI has accused Anthropic of counting the full value of contracts sold through cloud providers. Anthropic has said Anthropic follows established accounting practices.
The two labs are increasingly seeking investment from a similar pool of investors. OpenAI met long-only funds and sovereign wealth funds last week while Anthropic hosted an investor day. Reuters reported that demand for both companies' shares remains high.
Firmus, SB Energy and AirTrunk REIT have all paused or withdrawn their listings this year while both labs seek investment from those funds. The shrinking pipeline could leave Anthropic as the AI sector's last major listing of 2026. A weak Anthropic debut could deepen losses in chip stocks, which have shed $2 trillion in just 8 sessions.
Anthropic's filing will give investors their first detailed public look at a frontier AI lab's finances. Whether OpenAI closes the funding round before Anthropic's filing could shape how investors compare the two labs heading into 2027.
OpenAI and Anthropic Race to Secure Funding Amid AI Sector Volatility
BeInCryptoShare
Summary
Project funding news shows OpenAI is targeting a $30 billion raise ahead of Anthropic’s mid-November IPO. The round could value OpenAI at $1.4 trillion, up 64% from March. Anthropic now seeks a $1.5 trillion valuation, down from $2 trillion. Both are competing for similar investors, with OpenAI aiming to close first. AI + crypto news highlights the race as a key indicator for investor sentiment into 2027.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.