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OpenAI invests in new model for funding
OpenAI is aiming to raise nearly $30 billion in investments ahead of its highly anticipated initial public offering, with a valuation expected to exceed $1.4 trillion thanks to its development of the GPT-6 Astra model. The company seeks funding from current supporters such as SoftBank and MGX in Abu Dhabi, amid fierce competition with Anthropic, which reported quarterly revenues of $16.8 billion in the third quarter. OpenAI aims to secure its financing commitments before Anthropic announces its results, amidst market volatility and rising bond yields, which complicate valuations in the artificial intelligence sector.
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