OpenAI is racing to lock in investor commitments for a funding round of roughly $30 billion that could value the company at more than $1.4 trillion, according to Reuters. The push is reportedly timed to land before Anthropic's expected IPO in mid-November.
The move would make it one of the largest private fundraises ever in tech. It also sets up a direct test of investor appetite: OpenAI wants the money now, while Anthropic is preparing to let public markets set its price first.
OpenAI funding round: $30B at a $1.4T+ valuation
Reuters reports that OpenAI is aiming to secure commitments before Anthropic lists, with the round potentially valuing the ChatGPT maker at $1.4 trillion or more. The sources caution that the talks are ongoing and terms could still change.
There is no confirmed closing date or final investor list in the reports. What is clear is the scale: a $30 billion raise would dwarf most venture rounds and put OpenAI's valuation in the same conversation as the world's largest listed technology companies.
Anthropic IPO and Eric Schmidt's windfall
Bloomberg reports that former Google CEO Eric Schmidt owns about 1% of Anthropic after investing tens of millions in its Series A. That stake is poised to become one of the largest windfalls from the company's IPO if the listing goes ahead as expected.
Anthropic is still expected to go public this year, according to TechCrunch. The exact timing and pricing have not been confirmed by the company.
Nscale and Anthropic: a second $45B compute deal
Anthropic's infrastructure spending is also in focus. Bloomberg reports that Nscale is in talks for a second deal with Anthropic worth about $45 billion, delivering 460MW of computing power at its West Virginia campus using Nvidia's Vera Rubin chips.
