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OpenAI Accelerates Funding Plans as AI Competition Intensifies

OpenAI is reportedly accelerating its fundraising plans as competition with Anthropic intensifies ahead of the rival company’s expected initial public offering (IPO). Reuters reported on October 19, 2026, that OpenAI was seeking commitments for a proposed $30 billion funding round that could value the company at more than $1.4 trillion. The discussions highlight the growing...

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