On October 20, according to foreign media reports citing two sources with inside knowledge, OpenAI is stepping up its efforts to obtain commitments from investors for funding, with the goal of finalizing this financing round before its rival Anthropic is anticipated to launch its initial public offering (IPO) in mid-November. This current financing phase is advancing swiftly and is projected to elevate OpenAI's valuation to over $1.4 trillion. The sources highlighted that one of the motivations behind expediting the financing process is OpenAI's intention to secure financial resources in advance, given that both prominent AI firms are vying for the attention of the same pool of investors. Moreover, OpenAI aims to capitalize on the momentum generated by its recent revenue surge, which followed the introduction of its latest model, to draw in additional investment. One of the sources disclosed that SoftBank Group, MGX based in Abu Dhabi, and other current investors in OpenAI are engaged in discussions to join this financing round, which is estimated to be around $30 billion.