Skip to main content
727 Finance
English

OpenAI plans to accelerate the completion of approximately $30 billion in financing before Anthropic's IPO.

PANews October 20 news, according to an exclusive Reuters report, people familiar with the matter said that OpenAI is seeking to complete a new round of financing of about $30 billion at an unusually fast pace, hoping to finalize it before Anthropic's expected listing in mid-November. SoftBank, MGX and other existing investors are in talks to participate, and this financing round may value OpenAI at more than $1.4 trillion. OpenAI has told investors that its annualized revenue has reached $50 billion and may reach $70 billion by the end of the year. In March this year, OpenAI completed $122 billion in financing at a valuation of $852 billion.

PANews October 20 news, according to an exclusive Reuters report, people familiar with the matter said that OpenAI is seeking to complete a new round of financing of about $30 billion at an unusually fast pace, hoping to finalize it before Anthropic's expected listing in mid-November. SoftBank, MGX and other existing investors are in talks to participate, and this financing round may value OpenAI at more than $1.4 trillion. OpenAI has told investors that its annualized revenue has reached $50 billion and may reach $70 billion by the end of the year. In March this year, OpenAI completed $122 billion in financing at a valuation of $852 billion.

Related news

  1. Financing Weekly | Kalshi completes $1 billion Series G funding, led by Sequoia Capital and Wellington Management.

    Kalshi completed a $1 billion Series G funding round, reaching a post-money valuation of $40 billion, nearly double its $22 billion valuation in May this year;...

  2. On-chain stock trading platform StableStock completed a new strategic funding round at a $75 million valuation, with participation from Amber and others.

  3. RoboScience Machine Science completes hundreds of millions of yuan in Series A2 financing.

  4. OpenAI's fundraising target cut by $10 billion: Is the AI "cash-burning narrative" losing steam?

  5. Rates Exchange, an on-chain interest rate trading and hedging exchange, has received investment from Coinbase Ventures.