OpenAI’s shares are facing declining interest on the secondary market as investors shift focus to its main competitor, Anthropic. Ken Smythe from Next Round Capital noted a significant drop in demand for OpenAI shares, with institutional investors attempting to offload approximately $600 million without success. In contrast, Anthropic is witnessing robust investment interest, with buyers ready to deploy $2 billion into its equity, hoping its valuation will catch up to OpenAI’s $852 billion. Marketplaces like Augment and Hiive report record demand for Anthropic shares, highlighting a higher risk-reward profile. OpenAI recently secured $122 billion in funding but faces scrutiny over rising operational costs and slow enterprise client adoption compared to Anthropic. Despite both firms considering public listings, the gap in investor sentiment becomes clear, with Next Round valuing OpenAI at $765 billion, reflecting a 10% decline from its previous valuation. In contrast, demand for Anthropic remains unprecedented.
Source link
