OpenAI’s $852bn valuation is under increasing scrutiny from its own backers as the group switches focus to the enterprise market and tackling competition from Anthropic.
A recent flurry of deals, initiatives and abandoned projects is designed to reorient the company around a new strategy: defend ChatGPT’s dominance among consumers, while taking on Anthropic in the higher-margin market for corporate AI tools.
Some OpenAI investors told the FT the changes could leave it vulnerable to Anthropic and a resurgent Google, all while preparing for a blockbuster initial public offering as early as this year.
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