The Marked Chart Wire · Series of events
Series of events · OpenAI
OpenAI expands tools, seeks funding, and faces Texas lawsuit
A timeline of OpenAI's product updates, financing efforts, and legal challenges in late October.
Updated
What happened, in order
Times are Eastern-
OpenAI released a decision-making tool that cuts response times to 100 to 180 milliseconds and supports voice and images.
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OpenAI is reportedly closing a $30 billion round with a $1.25 trillion pre-money value, led by UAE backers and Coatue.
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The Texas state attorney general filed a suit claiming OpenAI misled users about ChatGPT risks and sought to ban minor access.
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OpenAI is said to be nearing a $1.25 trillion valuation as rival Anthropic prepares for a November listing.
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How they connect
OpenAI first rolled out a new rapid decision-making tool, then reportedly moved to close a major funding round. Following these developments, the company faced a lawsuit from Texas, while reports indicated it was approaching a high valuation ahead of a potential IPO.
What to watch
- Anthropic's planned November listing
- OpenAI's planned 2027 public listing
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