OpenAI reportedly races to close $30bn round before Anthropic’s IPO

OpenAI is reportedly accelerating a funding round of approximately $30bn to secure investor commitments prior to Anthropic's IPO scheduled for mid-November. According to Reuters, this strategic move could potentially value the ChatGPT developer at over $1.4 trillion. While the competition for frontier AI valuation intensifies, both OpenAI and SoftBank have declined to comment on the matter. The effort aims to solidify financial positioning before its competitor lists shares on the public market.