Anthropic and Musk pledge billions in shares as OpenAI races for funds
AI company Anthropic has set aside 5% of its shares for a fund that can grow over time, while its expected public listing could create large wealth for its largest backers.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
AI company Anthropic has committed 5% of its shares to a new public benefit fund that can grow over time.
Why it matters
Anthropic's public listing is expected to create significant wealth for its biggest backers.
Timeline
- Oct 19, 9:41 AM ET: Anthropic said it will commit 5% of its shares to a new public benefit fund.
- Oct 19, 10:30 AM ET: Elon Musk pledged to give a SpaceX share to every kid in America, a day after Anthropic's announcement.
- Oct 19, 10:30 PM ET: OpenAI sought to raise about $30 billion before Anthropic's expected mid-November IPO, in a round that could value ChatGPT's developer at more than $1.4 trillion.
Coverage
- (Reuters): OpenAI plans to accelerate fundraising ahead of Anthropic’s anticipated public offering (Riyadh-Maaal)
- OpenAI Is Racing to Raise $30 Billion Before Anthropic Goes Public (Omor Ibne Ehsan)
- OpenAI Racing to Raise $30 Billion Ahead of Anthropic Listing (PYMNTS)
- Why OpenAI is racing to raise funds ahead of Anthropic IPO (Yahoo News)
- What Anthropic’s IPO Filing Could Reveal and Why OpenAI Is Racing It (BeInCrypto)
- OpenAI's $30 Billion Fundraise Spurs Market Buzz; What It Means for AMZN (Amazon.com Inc) (gurufocus.com)
- OpenAI accelerates $30 billion fundraising ahead of Anthropic IPO (ua.news)
- OpenAI, Anthropic race for funding before IPOs, eye $1.4T-$1.5T valuations (cryptobriefing.com)
- OpenAI accelerates fundraising as Anthropic eyes $1.5T IPO: Reuters (cryptobriefing.com)
- OpenAI’s Fast Fundraise Looks Like A Preemptive Strike On Anthropic (finimize.com)
- OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say (TradingView)
- Anthropic and Musk pledge shares as AI firms race for funding
- Investors question Anthropic's hidden power structure before IPO
- Anthropic sets aside a slice of equity; Musk pledges shares too
- Anthropic posts $16.8 billion quarter ahead of IPO
- Anthropic's IPO push puts underwriting fees in spotlight
- Anthropic's IPO valuation faces scrutiny as New York official urges delay
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