OpenAI plans to raise $30 billion, with a valuation that could exceed $1.4 trillion.

According to Sina Finance, OpenAI is accelerating a fundraising round of approximately $30 billion, targeting a valuation that could surpass $1.4 trillion, and aims to secure investor commitments ahead of competitor Anthropic's expected mid-November IPO. Existing investors such as SoftBank Group and Abu Dhabi-based MGX are currently in talks to participate. OpenAI informed investors that following the launch of the GPT-6 Astra model, its annualized revenue has hit $50 billion and is projected to reach $70 billion by the end of the year. The company has also reduced prices for its lower-cost models to drive adoption, noting that further price cuts are possible. Insiders stated that OpenAI intends to close the financing before Anthropic releases its financial data to prevent investors from comparing the two firms directly. OpenAI accounts for revenue on a net basis and has previously accused Anthropic of recognizing all contract sales made through third-party cloud providers as revenue, thereby artificially inflating its top line. Furthermore, OpenAI raised $122 billion in March this year at a post-money valuation of $852 billion, including a committed investment from Amazon of up to $50 billion. If weakening IPO market conditions force a delay of its planned 2027 listing, this capital will additionally be deployed to fund its extensive infrastructure buildout and bolster its balance sheet.