OpenAI Seeks $30 Bn Funding at $1.4 Tn Valuation Ahead of Anthropic IPO: Report

OpenAI is accelerating its planned $30 billion fundraising round ahead of rival Anthropic’s expected initial public offering (IPO) in mid-November, a move that could value the ChatGPT maker at more than $1.4 trillion, according to a Reuters report. SoftBank Group, Abu Dhabi-based MGX, and other existing OpenAI backers are in talks to participate in the round, according to the report. OpenAI held meetings with long-only investment funds and sovereign wealth funds last week, while Anthropic hosted