{
  "id": 15673732,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-10-19T23:22:05.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "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 rapidly attempting to secure investor commitments ahead of Anthropic's anticipated IPO, according to sources familiar with the situation. This swift fundraising process could potentially value OpenAI at over $1.4 trillion, as the two cutting-edge AI labs are increasingly competing for the same investor base. OpenAI aims to leverage its recent revenue growth, which reached $50 billion after introducing new models, and reduce its reliance on a limited investor pool. SoftBank Group, Abu Dhabi-based MGX, and other existing backers are reportedly in discussions to join the $30 billion round. The accelerated fundraising underscores the fierce competition between OpenAI and Anthropic, both vying for a $trillion valuation amid rising interest rates, stock market volatility, and heightened scrutiny of AI valuations. OpenAI held meetings with long-only funds and sovereign wealth funds recently, while Anthropic hosted its own investor day. The company anticipates a faster fundraising process than typical for an offering of its size. OpenAI's growth and cost-cutting efforts, including lower-priced models and increased usage, are key selling points to potential investors. However, Anthropic's recent revenue slowdown has raised concerns about its valuation. OpenAI seeks to finalize the fundraising before Anthropic's financial disclosures, avoiding comparisons between the two companies.",
  "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": "Channel News Asia",
        "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",
        "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."
}