A Bloomberg report highlights a decline in demand for OpenAI shares on the secondary market, as articulated by Ken Smythe of Next Round Capital. He noted challenges in finding buyers, with many investors shifting focus to Anthropic, which reportedly has $2 billion ready for investment. Publicly feuding Elon Musk remarked on the situation with “Not surprising.” Despite restrictions on secondary market trading imposed by both OpenAI and Anthropic, shares are still accessible through alternative platforms, involving mechanisms like special-purpose vehicles. OpenAI recently announced a significant fundraising effort, aiming for $122 billion from tech giants and investors. Concurrently, institutional investors are keen to offload $600 million in OpenAI shares. Anthropic, with a lower valuation of $380 billion, is experiencing surging interest as investors view it as a promising opportunity for growth. Meanwhile, banks like Morgan Stanley and Goldman Sachs assist in facilitating these transactions without typical fees for OpenAI, contrasting with Anthropic’s charges.
Source link
