# OpenAI seeks approximately $30 billion in accelerated funding round

_Published Tuesday, October 20, 2026 at 2:18 AM EDT · AI · Latest · Tier 2 — Notable_

![OpenAI seeks approximately $30 billion in accelerated funding round — Primary](https://assets.st-note.com/production/uploads/images/326367386/rectangle_large_type_2_f62389bccaa7b12784847f396f785df2.png?fit=bounds&quality=85&width=1280)

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.

## Sources

- [note](https://note.com/yamaguchi_digest/n/ne729eda53da4?hl=en)

---
Canonical: https://techandbusiness.org/newswire/QjqpZ_mmiT8hgDO-jydVB8
Published: 2026-10-20T06:18:26.097Z
Story chronology: 2026-10-19T00:00:00.000Z
Retrieved: 2026-10-20T09:16:45.120Z
Publisher: Tech & Business (techandbusiness.org)