OpenAI is currently seeking to raise approximately $30 billion in a new funding round. According to reports, this investment could push the company's valuation beyond $1.4 trillion. Potential participants in the round include SoftBank and the Abu Dhabi-based firm MGX, alongside other existing backers.
The company's previous valuation stood at $852 billion in March following a $122 billion funding round. The new target represents a 64% increase over that figure. OpenAI justifies this growth by citing $50 billion in annualized revenue and the launch of the GPT-6 Astra model.
Meanwhile, Anthropic is preparing for a potential IPO, with its valuation reportedly adjusted to around $1.5 trillion after previously seeking $2 trillion. The two companies are now separated by a valuation gap of approximately $100 billion. Anthropic's upcoming filing is expected to provide the first public look at a frontier AI lab's finances.
OpenAI aims to finalize its funding before Anthropic discloses its financial details, as the two companies differ in their revenue accounting methods. While OpenAI deducts partner shares, Anthropic reports the full value of contracts sold via cloud providers. Both firms are currently competing for the same pool of institutional and sovereign wealth investors.
The broader market environment shows a cooling trend for public listings, with companies like Firmus, SB Energy, and AirTrunk REIT pausing or withdrawing their IPO plans this year. Consequently, Anthropic may emerge as the final major AI-related listing of 2026. Market participants are monitoring these developments closely, especially given recent volatility in chip stocks.
