“OpenAI’s Fundraising Efforts Sputter and Stall as Investors Refuse to Keep Cutting Checks”

Key points

• Anthropic filed to go public targeting up to $2 trillion last week.
• OpenAI postponed its IPO to next year, staff told not to worry if Anthropic tops it.
• OpenAI raised less than half of the planned $30 billion funding round.
• OpenAI estimated valuation around $1.25 trillion, below its $1.4 trillion goal.
• Anthropic reportedly doubled revenue between Q1 and Q2; OpenAI grew 18% to $6.7B.