Anthropic’s rise is giving some OpenAI investors second thoughts

A FT source said OpenAI's recent round would require assuming an IPO valuation of at least $1.2 trillion, putting Anthropic's $380 billion valuation in relative context as a 'bargain.' The article highlights elevated private-market pricing for leading AI companies rather than reporting a new operating or earnings development. Market impact is limited, but the valuation comparison underscores strong investor appetite for AI exposure.

Analysis

A FT source said OpenAI's recent round would require assuming an IPO valuation of at least $1.2 trillion, putting Anthropic's $380 billion valuation in relative context as a 'bargain.' The article highlights elevated private-market pricing for leading AI companies rather than reporting a new operating or earnings development. Market impact is limited, but the valuation comparison underscores strong investor appetite for AI exposure.