Industry
OpenAI Reportedly Rushes a ~$30B Raise Before Anthropic’s IPO
At $1.4T+, per @kimmonismus, with $50B in annualized revenue and $70B targeted by year-end.
“Competition is heating up again.”
OpenAI is reportedly rushing a ~$30B raise at $1.4T+ so it closes before Anthropic’s IPO in mid-November, @kimmonismus reports.
| Measure | Figure |
|---|---|
| Raise | ~$30B |
| Valuation | $1.4T+ |
| Annualized revenue now | $50B |
| Year-end revenue target | $70B |
| Anthropic IPO | Mid-November |
His read on the timing: “Nobody wants to be priced next to the other one’s S-1, seriously.”
Sources
- @kimmonismus on X · Oct 20, 5:24 AM PT