Which companies stand to benefit from OpenAI’s scaling?
Investing.com — OpenAI is accelerating its fundraising efforts, aiming to secure investor commitments before the anticipated stock market debut of its rival, Anthropic, which is slated for mid-November. According to a Reuters report on Monday, citing sources familiar with the matter, this funding round could push the valuation of the company behind ChatGPT to over $1.4 trillion.
The company is reportedly looking to raise approximately $30 billion from investors—including existing shareholder SoftBank Group (TYO:9984) and the Abu Dhabi-based firm MGX—as both AI developers compete for capital from sovereign wealth funds and major institutional investors.
Which investors are backing both competing AI companies?
OpenAI has presented investors with an annual revenue figure of $50 billion, which the company expects to reach $70 billion by year-end, following the launch of its GPT-6 Astra model, Reuters reports.
What revenue multiple does OpenAI’s valuation imply?
Anthropic’s quarterly revenue grew to $16.8 billion in the third quarter, up from $11.6 billion in the second; however, a slowdown in month-over-month growth has raised questions regarding the fairness of its valuation.
This accelerated fundraising push could help OpenAI secure capital before the release of Anthropic’s financial data invites direct comparisons between the two companies. According to the publication, OpenAI was valued at $852 billion in March following a $122 billion capital raise.
This intensified fundraising effort is taking place against a backdrop of volatility in tech markets, rising bond yields, and heightened scrutiny regarding the debt burden required to fund AI infrastructure—factors that complicate both companies’ ambitions to reach a trillion-dollar valuation.
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