"Anthropic's annualized revenue jumped from $9 billion at the end of 2025 to $30 billion by the end of March, driven largely by demand for its coding tools."
"There's room for both, but there is fundamentally a number one and a number two dynamic, and the number one will win disproportionately."
"OpenAI CFO Sarah Friar pushed back, telling the FT that the company's $122 billion raise - the largest private fundraising in history - was evidence of continued investor confidence."
OpenAI's valuation of $852 billion is under scrutiny from investors as the company shifts focus to enterprise clients amid competition from Anthropic. Anthropic's revenue surged from $9 billion in 2025 to $30 billion by March, largely due to its coding tools. Investors perceive Anthropic's $380 billion valuation as more attractive compared to OpenAI's. The secondary market reflects this trend, with Anthropic shares in high demand while OpenAI shares trade at a discount. OpenAI's CFO asserts that its record fundraising indicates ongoing investor confidence.
Read at TechCrunch
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