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Anthropic’s rise is giving some OpenAI investors second thoughts

TechCrunch • Wed, 15 Apr 2026

Anthropic’s rise is giving some OpenAI investors second thoughts

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.

What happened?

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.

Story details

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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Original source

https://techcrunch.com/2026/04/14/anthropics-rise-is-giving-some-openai-investors-second-thoughts/