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Strategy

Anthropic’s rise is giving some OpenAI investors second thoughts

Anthropic's annualized revenue tripled to $30B since late 2025 on coding tool strength, prompting some OpenAI investors to question the company's $852B valuation amid shifting secondary market sentiment.

Wednesday, April 15, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline

OpenAI investors are growing skeptical of the company's $852 billion valuation as Anthropic surges ahead with annualized revenue jumping from $9 billion to $30 billion since late 2025, driven by coding tool demand. Secondary market dynamics and key investor statements reflect growing preference for Anthropic, though OpenAI's CFO cites a record $122 billion fundraise as evidence of confidence.

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