What is happening?
OpenAI is moving to accelerate a funding round of about $30bn. The goal is to lock in investor commitments before Anthropic's planned IPO in mid-November.
Citing two people familiar with the matter, Reuters reported that the round could value the ChatGPT maker at more than $1.4 trillion. OpenAI and SoftBank declined to comment.
Why it matters
Two major AI companies are turning to capital markets at the same time. Anthropic's IPO could absorb much of the money investors are willing to put into the sector, which is why OpenAI wants to close its round first.
A $1.4 trillion valuation shows the scale AI investment has reached. At the same time, debate continues over rising debt and infrastructure spending across the industry.
