#OpenAIValuationCut

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About OpenAIValuationCut

FT reports OpenAI is in late-stage talks to raise up to $30B, cutting its target pre-money valuation from $1.4T to $1.25T. Coatue and UAE investors may co-lead. Anthropic could publicly file for an IPO as soon as Oct 23. Its draft shows H1 revenue of $16.3B and an $80.7B net loss, including ~$72B in noncash charges, with potential compute spending up to $750B. Investors are growing cautious on spending and valuations. Funding terms, profitability and long-term capital needs remain in focus.