MGX

Headlines · 3

1. 6h
   OpenAI races to raise ~$30B at $1.4T+ valuation ahead of Anthropic IPO

   Reuters, citing people familiar with the matter, reports that OpenAI is rushing to secure investor commitments for a round of roughly $30 billion that could value it above $1.4 trillion, aiming to close before rival Anthropic's expected mid-November IPO. SoftBank, Abu Dhabi's MGX and other existing backers are in talks to participate, according to cnBeta and other Chinese outlets. OpenAI also told investors annualized revenue has accelerated since the GPT-6 Astra launch to $50 billion, with $70 billion expected by year-end, while Anthropic has said its annualized revenue was about $65 billion in July.

   Techmeme · 🔥 61
2. Oct 12
   NVIDIA opens Vera Rubin rack designs to OCP, unveils open AI factory specs

   At the OCP Global Summit in San Jose, NVIDIA said it contributed its Vera Rubin rack and compute tray designs to the Open Compute Project through the open MGX architecture, giving system builders a common foundation for next-generation AI factories. TechNews reports that the updated MGX 1.2 spec adds rack-level blind-mate liquid cooling, interoperable rack interconnects and a liquid-cooled 5,000A busbar, with NVIDIA claiming support for racks up to 250kW; NVIDIA also released open-source DSX AI Factory software components. Alongside partners it published Open Data Center Specification v0.7 with AMD, Google and Meta, a grid resilience spec with Google, Meta and Microsoft requiring recovery to near full load within two seconds, a USFP pluggable optics standard with Cisco and planned Falcon transport support with Google; Meta will use Spectrum-6 Ethernet switches, and Midea appears on the MGX thermal-management partner list.

   NVIDIA Blog · 🔥 7
3. Oct 9
   OpenAI expects $70bn annualised revenue by year-end

   OpenAI has told investors in its latest funding talks that it expects annualised revenue to reach or exceed $70bn by the end of the year, driven mostly by enterprise growth, Bloomberg reported; people familiar said the figure was near $50bn at the end of September. The two numbers have been disputed: the $70bn was reported in September, while the Financial Times later reported the ~$50bn figure, partly because OpenAI and Anthropic count revenue differently — Anthropic books the gross amount of some sales through cloud partners such as Amazon, while OpenAI counts only its own share from partners including Microsoft. OpenAI declined to comment, and is seeking $30bn or more at a $1.4tn pre-money valuation, with Abu Dhabi's MGX among possible investors.

   The Next Web · 🔥 0

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