OpenAI Seeks to Raise More Capital Before Anthropic Goes Public
The company currently values its market capitalization at a minimum of $1.4 trillion
OpenAI is discussing raising approximately $30 billion with SoftBank, MGX, and a number of existing shareholders, according to Reuters. The company aims to accelerate the funding round to allocate funds toward building computational infrastructure and strengthening its balance sheet.
The startup also informed investors about accelerated revenue growth: its annualized revenue reached $50 billion and may rise to $70 billion by the end of the year. OpenAI is prepared to further reduce prices for using its AI models, expecting to support their adoption.
The company wants to raise capital before Anthropic begins disclosing more financial data as part of its IPO preparations. OpenAI’s public listing is currently scheduled for 2027, though worsening market conditions could delay it.
