Sources: OpenAI is racing to secure investor commitments before Anthropic's planned IPO in mid-November, aiming to raise ~$30B; the round may value it at $1.4T+ (Reuters)

OpenAI is reportedly seeking to raise approximately $30 billion in investor commitments, aiming for a valuation exceeding $1.4 trillion. This fundraising effort is reportedly being expedited to occur before its competitor, Anthropic, is expected to launch its initial public offering (IPO) in mid-November. The race to secure these investments highlights the competitive landscape in the AI industry.