{
  "id": 15672253,
  "title": "Exclusive-OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say",
  "url": "https://urgent.news/2026/10/19/exclusive-openai-seeks-to-accelerate-fundraising-ahead-of-anthropic",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-19T23:22:05.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/exclusive-openai-seeks-accelerate-fundraising-ahead-anthropic-ipo-sources-say-6473766"
  },
  "original_language": "en",
  "account": "New York, October 19 - OpenAI is rushing to secure investor commitments ahead of Anthropic's anticipated IPO in mid-November, potentially valuing the ChatGPT creator over $1.4 trillion, according to two sources familiar with the situation. The accelerated fundraising reflects a desire to surpass Anthropic as both front-runner labs increasingly rely on the same investor base, the sources revealed. OpenAI aims to leverage its recent revenue growth since launching new models. Major backers like SoftBank Group, MGX and others are in discussions to join the $30 billion fundraising round, one source noted. The quick fundraising highlights how closely the two AI developers are competing for capital as they pursue trillion-dollar valuations in the face of rising interest rates, technology stock volatility and heightened scrutiny of AI valuations. OpenAI held discussions with long-only funds and sovereign wealth funds last week while Anthropic hosted its own investor day. OpenAI's financing round is anticipated to proceed faster than usual for an offering of its magnitude, the sources stated.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "Sources: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO (Bloomberg)",
        "url": "https://urgent.news/2026/10/19/sources-eric-schmidt-who-owns-1-of-anthropic-after-investing-tens-of",
        "published": "2026-10-19T22:40:03.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Exclusive-OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say",
        "url": "https://urgent.news/2026/10/19/exclusive-openai-seeks-to-accelerate-fundraising-ahead-of-anthropic-15673732",
        "published": "2026-10-19T23:22:05.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say",
        "url": "https://urgent.news/2026/10/20/openai-seeks-to-accelerate-fundraising-ahead-of-anthropic-ipo-sources",
        "published": "2026-10-20T00:11:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "OpenAI races to raise $30 bln ahead of Anthropic IPO, Reuters reports",
        "url": "https://urgent.news/2026/10/20/openai-races-to-raise-30-bln-ahead-of-anthropic-ipo-reuters-reports",
        "published": "2026-10-20T01:03:03.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "‘Two-horse race’: OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say",
        "url": "https://urgent.news/2026/10/20/two-horse-race-openai-seeks-to-accelerate-fundraising-ahead-of",
        "published": "2026-10-20T01:23:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}