Investors Want Anthropic's IPO Price First: Is That Why OpenAI Cut $10 Billion?

Some investors want to see Anthropic’s stock market price before they put more money into OpenAI, the Financial Times has reported. OpenAI, meanwhile, has cut its funding target by $10 billion. Anthropic, maker of the Claude chatbot, is preparing to go public. As tech stocks tumbled, the ChatGPT maker’s own price tag fell $150 billion, from $1.4 trillion to $1.25 trillion. Why Did Investors Balk at $1.4 Trillion? According to the Financial Times, which cited a person close to the matter, the pitch was struggling before the market turned. “There has been zero clamouring. All the prior times [OpenAI] have been on there’s been a frenzy. This time is a bit of a thud,” they said . Then stocks slid.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.