OpenAI Loses Favor in Secondary Market, Investors Flock to Anthropic

Odaily News OpenAI's stock has fallen out of favor in the secondary market, with investors quickly turning to its biggest competitor, Anthropic. Ken Smythe, founder of Next Round Capital, stated that demand for OpenAI stock on his secondary market platform is declining. Over the past few weeks, about six institutional investors, including hedge funds and venture capital firms holding significant stakes, have contacted his company seeking to sell approximately $600 million worth of OpenAI stock. Last year, these shares would have been snapped up within days, but now there are no takers. Smythe said, "Buyers have indicated they are ready to invest about $2 billion to purchase Anthropic stock." Other platforms are also seeing record demand for Anthropic, including Augment and Hiive. Adam Crawley, co-founder of Augment, pointed out that with OpenAI valued at $852 billion and Anthropic at $380 billion, investors are rushing to buy Anthropic stock in hopes of its valuation rising. (Jin10)