Two people familiar with the matter told foreign media that OpenAI is racing to secure investor commitments for a roughly $30 bln funding round, aiming to close before rival Anthropic’s expected mid-November IPO. The expedited push is intended to lock in capital as both frontier AI firms compete for the same investor base and could lift OpenAI’s valuation above $1.4 tln. SoftBank Group, Abu Dhabi-based MGX and other existing investors are in talks to participate, and OpenAI is pitching recent re

Two people familiar with the matter told foreign media that OpenAI is racing to secure investor commitments for a roughly $30 bln funding round, aiming to close before rival Anthropic’s expected mid-November IPO. The expedited push is intended to lock in capital as both frontier AI firms compete for the same investor base and could lift OpenAI’s valuation above $1.4 tln. SoftBank Group, Abu Dhabi-based MGX and other existing investors are in talks to participate, and OpenAI is pitching recent revenue from a new model to attract support.