OpenAI seeks ~$30B round at over $1.4T valuation ahead of Anthropic IPO
10/20/2026 — 10/20, 08:17·3 sources (all)·3 reports (all)
Key takeaways
- OpenAI is lining up roughly $30B in new funding at a valuation that could exceed $1.4 trillion, with existing backers SoftBank and MGX in ta…
Background & analysis
OpenAI is moving ahead with a funding round of roughly $30 billion that could value the company at more than $1.4 trillion, according to Reuters, which cited people familiar with the matter on October 20, 2026. The round is not yet closed, and the terms could still change.
According to the reports, OpenAI is racing to secure investor commitments before rival Anthropic's expected public listing in mid-November. The tight timetable partly reflects a desire to act ahead of Anthropic, as the two labs increasingly compete for the same pool of investors. OpenAI also wants to close the round before Anthropic discloses more financial information that could prompt investors to draw comparisons.
SoftBank Group, Abu Dhabi-based MGX and other existing backers of OpenAI are in talks to take part in the round, the sources said. During Anthropic's investor day last week, OpenAI also met with a number of long-term investment funds and sovereign wealth funds. The reports describe the move as an effort to lock in capital that might otherwise go to Anthropic's IPO.
Separately, Jiemian reported that OpenAI told investors its annualized revenue has accelerated since the launch of GPT-6 Astra, reaching $50 billion and expected to rise to $70 billion by the end of the year. The same report noted that OpenAI was valued at $852 billion after a $122 billion round in March. The current $30 billion round remains in progress, with investor commitments not yet finalized.
AI-generated from 3 reports · updated 2 hours ago
Latest turnOpenAI is raising about $30 billion at a targeted valuation possibly above $1.4 trillion, and wants investor commitments before Anthropic's expected mid-November listing, with SoftBank, MGX and other existing backers in talks, per Jiemian. OpenAI told investors annualized revenue accelerated after the GPT-6 Astra launch to $50 billion and is projected to reach $70 billion by year-end.
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OpenAI is raising about $30 billion at a targeted valuation possibly above $1.4 trillion, and wants investor commitments before Anthropic's expected mid-November listing, with SoftBank, MGX and other existing backers in talks, per Jiemian. OpenAI told investors annualized revenue accelerated after the GPT-6 Astra launch to $50 billion and is projected to reach $70 billion by year-end.
36氪AI score 65OpenAI is racing to secure investor commitments for a round that could value it above $1.4 trillion, Reuters reported, aiming to close before rival Anthropic's expected mid-November listing. SoftBank, MGX and other existing backers are in talks to join roughly $30 billion in funding, according to people familiar with the matter.
IT之家AI score 68OpenAI is racing to lock in investor commitments ahead of rival Anthropic's expected public market debut in mid-November, aiming to raise roughly $30B in a round that could value the company at more than $1.4T, Reuters reported, citing sources. The terms are not final.
TechmemeAI score 68
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