OpenAI’s $852B valuation is under scrutiny from backers as the group switches focus to the enterprise market and handling competition from Anthropic, George Hammond of The Financial Times reports. A series of deals, initiatives, and abandoned projects have been designed to defend ChatGPT’s dominance among consumers while also taking on Anthropic in the market for corporate AI tools. Some investors believe the changes could leave OpenAI vulnerable to Anthropic and Google (GOOGL) while it prepares for an initial public offering as early as this year.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft weighs new copilot features inspired by OpenClaw, Information reports
- Microsoft (MSFT) Raises Surface Prices, Marking a New Cost Reality for PCs in the AI Boom
- Microsoft price target lowered to $500 from $600 at Piper Sandler
- VOO vs. SPYM: Which S&P 500 ETF Is Better for Long-Term Investors?
- 3 Best Stocks to Buy This Week, According to Analysts – April 13-17