OpenAI Plans $30 Billion Funding Round, Valuation Could Exceed $1.4 Trillion

According to reports, OpenAI is accelerating a funding round of approximately $30 billion, with a target valuation potentially exceeding $1.4 trillion. The company aims to secure investor commitments before its competitor Anthropic's expected listing in mid-November. SoftBank Group, Abu Dhabi-based investment firm MGX, and other existing investors are in talks to participate. OpenAI told investors that its annualized revenue has accelerated growth following the launch of the GPT-6 Astra model, currently reaching $50 billion and expected to rise to $70 billion by year-end. The company hopes to complete the round before Anthropic discloses further financial information, which could prompt additional investor comparisons. OpenAI's valuation reached $852 billion in a March funding round of $122 billion.