Part of The AI Chip Bubble · 12 stories · since Oct 14 · newest 4d ago
OpenAI races to raise $30B at $1.4T+ before Anthropic's IPOReuters details competing growth pitches and accounting dispute
3 Oct 19 7:30 PM · 19d ago · 1 article · 3 posts · 2 comments · 4 sources · development 3 of 3
OpenAI is pitching investors on $50 billion annualized revenue growing to $70 billion by year-end after its GPT-6 Astra launch and price cuts, while noting it has accused Anthropic of inflating revenue by counting gross contract value through cloud resellers; Anthropic says it follows standard accounting.
“They’re trying to front run the IPO to get liquidity before the IPO, like Google did with SpaceX.”
ecrane2018, Reddit commenter · reddit ↗OpenAI ChatGPT maker, raising capitalAnthropic AI lab preparing IPO
Sarah Friar OpenAI Chief Financial OfficerSoftBank Group Existing OpenAI backerMGX Abu Dhabi-based investor
The whole story articlespostscomments the bright band is this development · numbered dots are the others · click one to jump
What was reported 1 claim about this development
-
first by TradingView, 19d ago · also Investing.com News, Channel News Asia, Reuters
1 more headline
- Exclusive-OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say Investing.com News · 19d ago
On air 1 segment · click to watch, arrow keys to move
What people said 7 voices · verbatim
-
OpenAI is reportedly racing to raise $30 billion at a valuation above $1.4 trillion, ahead of Anthropic’s expected November IPO, per Bloomberg OpenAI is reportedly telling investors it has $50 billion in annualized revenue and is targeting $70 billion by year-end.
-
SPCX IPO raised about $75b and was the largest IPO ever. For reference the second largest US IPO was SKHY at $26b. We won't know until the S-1 is releaed, but leaks suggest Anthropic is trying to raise as much as $100b in their IPO. So yes, $30b is a substantial amount of money to remove from the captial pool. Based on the way you wrote your…
-
They’re trying to front run the IPO to get liquidity before the IPO, like Google did with SpaceX. No one knows what’s gonna happen post the first true AI ipo funding could dry up especially if the financials are bad. So best to lock it up now while the markets hot and has appetite for the risk even if you aren’t planing major expansions
-
If both labs are tapping the same long-only and sovereign investors, does a $30 billion raise at $1.4 trillion crowd out Anthropic's IPO demand in November?
-
If you want to see the company’s numbers explained in plain English, I built a free site for that: twicewise.io. Feedback welcome!
-
You can get plenty of Anthropic exposure (plus a bunch of other really profitable business segments) just by buying Google.
-
Didn't they all agree to an idea that the frontier model development pace must "slow down"?
All 3 developments of OpenAI races to raise $30B at $1.4T+ before Anthropic's IPO →
NewswiresXMastodonRedditHacker NewsGoogle NewsYouTube