AITechCrunch AI3h ago
Anthropic’s rise is giving some OpenAI investors second thoughts
TL;DRAnthropic's lower valuation makes it look cheaper than OpenAI to some investors.
Why it matters: Valuation competition between AI leaders could reshape funding flows and competitive dynamics in frontier AI.
One investor who has backed both companies told the FT that justifying OpenAI's recent round required assuming an IPO valuation of $1.2 trillion or more — making Anthropic's current $380 billion valuation look like the relative bargain.
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