OpenAI is accelerating efforts to raise roughly $30 billion from investors ahead of rival Anthropic's expected stock market debut in November, a fundraising push that could value the ChatGPT maker at more than $1.4 trillion as competition between the artificial intelligence companies extends to Wall Street.
The company is trying to secure investor commitments before Anthropic's anticipated initial public offering in mid-November, Reuters reported Tuesday, citing two people familiar with the matter. Both companies are seeking capital from many of the same institutional investors, creating pressure to attract funding before their rival does.
