OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
Bloomberg reports OpenAI may raise up to $20 billion as rival Anthropic files for IPO
Quick Look
- OpenAI is valued at $1.25 trillion after raising $11 billion in new funding, according to Bloomberg, following a $122 billion round in March at a $852 billion valuation.
- The company may raise up to $20 billion, down from an initial $30 billion target at $1.4 trillion, as tech stocks fell and public opinion turned against AI companies after the midterms.
- Rival Anthropic filed its S-1 to go public last week.
AI-generated summary
Why It Matters
OpenAI raised $122 billion from investors in March at a valuation of $852 billion. Anthropic filed its S-1 to go public last week. OpenAI CEO Sam Altman previously said the company is holding off on its own IPO until it can make more confident claims about its models' safety.
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world’s most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion.
Echoing FT and Wall Street Journal reports from last week, Bloomberg says OpenAI is still pursuing additional investments that could increase the amount to $20 billion, and that it had initially hoped to raise as much as $30 billion at a higher valuation of $1.4 trillion. That was before tech stocks dropped, and the results of the midterms showed how much public opinion has turned against AI companies and data center projects.
OpenAI’s rival Anthropic filed its S-1 to go public last week. Earlier this year, OpenAI CEO Sam Altman said it’s holding off on its own IPO until it can make more confident claims about its models’ safety. He didn’t give a specific timeline for the IPO, but said at the time, “I think it’s also kind of bad for the world if OpenAI waits too long to go public.”
What to Watch
AI outlook — possibilities, not facts
OpenAI will complete its IPO after making more confident claims about its models' safety
Possible · Within months
Open Questions
- When will OpenAI complete its IPO?
- How much of the potential $20 billion will OpenAI actually raise?
- What specific safety claims does OpenAI need before going public?
