According to the Financial Times, some investors want to see Anthropic's public share price before committing more money to OpenAI, which has cut its fundraising goal by $10 billion. As tech shares sold off in October, the ChatGPT maker's target valuation fell from $1.4 trillion to $1.25 trillion. Reuters reported that the initial closing may land under $20 billion. A group of UAE investors, including the state-backed fund MGX, is expected to be the largest buyer, in exchange for an option to lease fresh computing capacity in the area. Anthropic may begin trading on the Nasdaq exchange as early as mid-November, and OpenAI intends to go public itself in 2027.
Why it matters: It shows how investor appetite for the largest AI labs is now tied to how public markets treat AI stocks before their own listings.
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