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Reuters reports OpenAI is accelerating a capital raise ahead of Anthropic’s IPO, with the round potentially valuing the ChatGPT maker above $1.4 trillion. SoftBank, MGX and other existing backers are reportedly in talks. Microsoft is the closest allowed ticker through its OpenAI relationship.
The article
Reported Earlier, 'OpenAI Seeks to Accelerate Fundraising Ahead of Anthropic IPO, Sources Say' - Reuters Exclusive OpenAI races to finish capital raise before Anthropic IPO, sources say OpenAI round could value ChatGPT maker at over $1.4 trillion, sources say SoftBank, MGX and other existing backers are in talks to join round, source says OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion, according to two people familiar with the matter. The rapid timetable reflects, in part, a desire to get ahead of Anthropic as the two frontier labs are increasingly tapping in to a similar investor base, the people said, adding that OpenAI wants to capitalize on its recent revenue growth after launching new models. SoftBank Group opens new tab, Abu Dhabi-based MGX and other existing backers of OpenAI are in talks to join the round of about $30 billion, one of the people said