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OpenAI Chases $30B at a $1.4T Valuation Before Anthropic's IPO

OpenAI is moving quickly to raise roughly $30 billion at a valuation above $1.4 trillion, with SoftBank and Abu Dhabi-based MGX in talks to participate, Reuters reported October 19, 2026. The push is timed to land before Anthropic’s expected mid-November IPO, as both AI labs compete for the same investor capital at record valuations. Full story in the slides above — Sources: Reuters (via Aju Press), The Neuron, AI Briefing, October 20, 2026. ...

October 20, 2026 · 1 min · 73 words · LexxWire Desk