OpenAI seeks ~$30B round before Anthropic IPO, valuing it at $1.4T+
Sources report OpenAI is racing to secure roughly $30 billion in investor commitments before rival Anthropic's expected public market debut in mid-November. The funding round could value OpenAI at over $1.4 trillion.
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Reuters : Sources: OpenAI is racing to secure investor commitments before Anthropic's expected IPO in mid-Nov. and aims to raise ~$30B; the round could value it at $1.4T+ — OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November …
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OpenAI in talks to raise at least $30B at $1.4T pre-money valuation, sources say
OpenAI is reportedly in talks to raise at least $30 billion in a new funding round at a pre-money valuation of around $1.4 trillion, according to people familiar with the matter. The round is described as a bridge round intended to provide capital in place of an IPO, and is expected to be the company's last before a delayed public debut in 2027.
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Anthropic IPO filing reveals $42B net loss, $518B infrastructure spend, existential AI risk warning
Anthropic's IPO prospectus, reported across multiple outlets, shows a net loss of $42 billion in 2025 and plans to spend at least $518 billion over 10 years on AI infrastructure with six partners, about 80% of which is non-cancelable. The filing also warns that its AI could pose existential risks to humanity, dedicating nearly a third of the document to risk factors, and reveals a $2 trillion valuation target, up from $965 billion four months ago.
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Anthropic reports Q3 revenue of $16.8B, adjusted profit ahead of IPO
Anthropic told investors on Wednesday that its Q3 revenue rose to $16.8B from $11.5B in Q2, with adjusted operating margins of 11% and $1.70 in revenue per $1 spent on computing. Distillation accounted for 5-7% of revenue, and some investors discussed a ~$1.5T IPO valuation, down from ~$2T expected, due to slowing growth.
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Broadcom arranges over $50B financing for OpenAI custom AI chip; Oracle in talks for chip purchase financing
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