Reported Earlier, 'OpenAI Seeks to Accelerate Fundraising Ahead of Anthropic IPO, Sources Say' - Reuters Exclusive

• OpenAI races to finish capital raise before Anthropic IPO, sources say
• OpenAI round could value ChatGPT maker at over $1.4 trillion, sources say
• SoftBank, MGX and other existing backers are in talks to join round, source says

OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion, according to two ​people familiar with the matter.

The rapid timetable reflects, in part, a desire to get ahead of Anthropic as the two frontier labs are increasingly tapping in to a similar investor base, the ‌people said, adding that OpenAI wants to capitalize on its recent revenue growth after launching new models. SoftBank Group opens new tab, Abu Dhabi-based MGX and other existing backers of OpenAI are in talks to join the round of about $30 billion, one of the people said