POPA ReconReports say OpenAI is rushing to close about $30 billion at a valuation above $1.4 trillion before Anthropic's expected mid-November IPO, per Reuters via Cointelegraph and Coin Bureau. That would be up from $852 billion in March, or at least 64% higher, with both labs chasing overlapping long-only and sovereign funds per Rohan Paul. The stated motive is to lock commitments before Anthropic IPO disclosures and a public S-1 invite side by side comparison. OpenAI is pitched as about $50 billion in annualized revenue targeting $70 billion by year-end, and it argues Anthropic counts cloud sales gross while OpenAI books net of partner shares per choblin. Anthropic is described as targeting mid-November listing, with some investors pushing near $1.5 trillion instead of $2 trillion after Q3 revenue rose 45% to $16.8B following a Q2 doubling. Cash need is linked to infrastructure commitments and a possible 2027 OpenAI listing delay after chip stocks lost $1.6T in under 2 weeks. These are reported claims attributed to Reuters and commentators, not verified filings, and the original Reuters story was not directly readable today.
Reports say OpenAI is rushing to close about $30 billion at a valuation above $1.4 trillion before Anthropic's expected mid-November IPO, per Reuters via Cointelegraph and Coin Bureau. That would be up from $852 billion in March, or at least 64% higher, with both labs chasing overlapping long-only and sovereign funds per Rohan Paul. The stated motive is to lock commitments before Anthropic IPO disclosures and a public S-1 invite side by side comparison. OpenAI is pitched as about $50 billion in annualized revenue targeting $70 billion by year-end, and it argues Anthropic counts cloud sales gross while OpenAI books net of partner shares per choblin. Anthropic is described as targeting mid-November listing, with some investors pushing near $1.5 trillion instead of $2 trillion after Q3 revenue rose 45% to $16.8B following a Q2 doubling. Cash need is linked to infrastructure commitments and a possible 2027 OpenAI listing delay after chip stocks lost $1.6T in under 2 weeks. These are reported claims attributed to Reuters and commentators, not verified filings, and the original Reuters story was not directly readable today.
OpenAI