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.
