OpenAI Speeds Up $30 Billion Funding Round Before Anthropic IPO

Oct 20, 2026
OpenAI is seeking about $30 billion at a valuation above $1.4 trillion before Anthropic's expected IPO in November.

OpenAI is accelerating a funding round of about $30 billion before Anthropic's expected IPO in the middle of November, according to Reuters. The financing could value OpenAI at more than $1.4 trillion.

Existing investors, including SoftBank Group and Abu Dhabi based MGX, are discussing participation. Investors familiar with the company say OpenAI also needs capital for its infrastructure commitments and balance sheet ahead of its own planned 2027 listing.

OpenAI told investors, according to one of the people, that its annualized revenue reached $50 billion following the release of GPT-6 Astra and could rise to $70 billion by the end of 2026. Anthropic's annualized revenue reached about $65 billion by July, while its planned IPO has prompted investors to compare the companies' finances and valuations.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

AI Token Webinar

Whitepaper

Tensordyne Napier: What If One Rack Could Do the Work of Nine?

Tensordyne

This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.