Reuters: OpenAI is racing to raise about $30B at a valuation above $1.4T before Anthropic goes public
Reuters reports OpenAI is racing to raise about $30B at a valuation above $1.4T — at least 64% above its $852B valuation from March — before Anthropic goes public in mid-November. OpenAI wants commitments secured before Anthropic's S-1 filing invites side-by-side comparisons, which would flatter Anthropic's full-value revenue accounting against OpenAI's net-of-partner-shares figures. The raise matters because OpenAI needs cash for huge infrastructure commitments at a moment when investors are reassessing AI valuations after $1.6T was wiped off chip stocks in under two weeks.
SOURCES
- Rohan Paul2026-10-20 08:06