OpenAI targets US$30 billion in new funding at US$1.4 trillion value
This could vault the ChatGPT maker above rival Anthropic’s latest private market valuation
OpenAI is targeting a new funding round of US$30 billion, aiming for a valuation of approximately US$1.4 trillion, according to sources familiar with the matter. This move would place OpenAI above rival Anthropic, which recently valued itself at around US$1.2 trillion, not including the new funding. The discussions are still in early stages and may change, as the information is not yet public.
The demand for the round is being led by investors as OpenAI experiences strong revenue growth. OpenAI has been in a competitive race with Anthropic to secure more business customers and increase revenue ahead of their planned public listings. The company recently postponed its IPO plans, focusing instead on addressing AI safety concerns.
OpenAI's latest fundraising round is intended to provide additional capital in lieu of an IPO. The company faced scrutiny over potential AI safety issues, including cybersecurity breaches and safety standards for its models. OpenAI has also unveiled new AI agents and updated subscription offerings to compete in the growing market for AI services.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
