OpenAI seeks approximately $30 billion in accelerated funding round
Image: Primary OpenAI is seeking approximately $30 billion in funding that could push its valuation over $1.4 trillion, note reported, citing Reuters reporting from October 19. The company aims to secure investor commitments before mid-November, when rival Anthropic is expected to go public.
Existing investors considering participation include SoftBank Group and MGX. OpenAI has been meeting long-only funds and sovereign wealth funds as the two AI companies compete for investors. The fundraising would support infrastructure investments, including data centers, and provide a financial buffer if a cooling IPO market delays OpenAI's planned 2027 public offering. The round's closing date and final valuation remain unconfirmed.
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