OpenAI is aiming to raise $30 billion before its rival Anthropic goes public in mid-November, seeking to set a higher valuation benchmark for private AI investments. The funding round could value OpenAI at over $1.4 trillion, surpassing its previous $852 billion valuation. Both companies are courting the same major investors, and the timing of the raises will influence how the market values AI firms. This race also impacts suppliers like Amazon and NVIDIA, which benefit regardless of which AI lab leads. The outcome will be clearer after Anthropic's IPO pricing in November.
Amazon and Nvidia are key suppliers benefiting from the AI funding race. On Pluang, Amazon trades at USD 263.03 with a slight gain of 0.22%, while Nvidia is priced at USD 215.76, down 0.61% as of Oct 20, 2026 19:43 WIB. Nvidia shows stronger buying interest with 63% buy orders compared to Amazon's 24%. These dynamics highlight investor focus on tech giants amid AI sector developments.
American Electric Power (AEP) has a $147 price target from BTIG, implying a 17.9% upside from its current $124.72 price. The company is advancing a 960-megawatt nuclear project in Indiana with funding and power purchase support from Amazon, and a $4 ...
Credera, Omnicom's consulting firm, has signed a five-year strategic collaboration with Amazon Web Services (AWS) to accelerate marketing transformation, infrastructure modernization, and AI deployment for clients worldwide. The partnership targets s...
Microsoft announced its in-house AI models now deliver performance comparable to OpenAI's at just a quarter of the cost, significantly improving efficiency for enterprise customers. This cost advantage supports Microsoft's strong cloud growth, with A...
Amazon's nearly $500 billion backlog supports expectations of sustained revenue growth above 30% year-over-year, with increasing revenue share potentially improving overall profit margins. Investments in robotics and automation may help offset rising...
3M reported third-quarter earnings per share of $2.50 on sales of $6.6 billion, surpassing Wall Street expectations of $2.38 per share. This marks an improvement from last year's $2.19 per share on $6.2 billion sales. The company is now positioning i...
