Anthropic’s rise is giving some OpenAI investors second thoughts

# Anthropic's Strong Performance Is Making Some OpenAI Investors Nervous OpenAI's latest funding round assumes the company could be worth $1.2 trillion or more when it eventually goes public, while competitor Anthropic is currently valued at $380 billion—suggesting investors may be paying a steep premium for OpenAI that isn't justified by the actual business results. This valuation gap has some people who invested in both companies wondering if they overpaid for OpenAI's latest funding round and whether they should shift more attention to Anthropic instead.
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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