Seems pretty clear Claude is winning this AI race
Anthropic’s valuation now hovers at around $1 trillion on Forge Global, a leading private marketplace exchange, its CEO Kelly Rodriques told Business Insider. OpenAI’s valuation on the platform is $880 billion, a slight uptick from its March funding round.
Since Anthropic and OpenAI are not yet public companies, the vast majority of investors are forced to buy via secondary markets, with existing stock in the companies sold by current or former employees or early investors. Neither company responded to a request for comment.
One Anthropic shareholder recently offered to unload shares at a $1.15 trillion valuation, according to Ken Sawyer, cofounder and managing partner at Saints Capital, a venture secondary firm.
A “very well known growth fund” offered to buy Anthropic shares at a $1.05 trillion valuation, Jesse Leimgruber, founder of OpenHome, posted on X this week.
“Absolutely wild,” he said.
Some interested buyers have gotten more creative, offering to sell their home in exchange for Anthropic shares at a valuation above $800 billion.
Hasn’t huge losses to scale up been Silicon Valleys module operadi for a while?
https://www.abc.net.au/news/2019-06-08/uber-netflix-run-at-a-loss-and-they-dont-care-/11185434
Not at this scale. Netflix and Uber aren’t trillion dollar companies now, and were worth way less pre-IPO. (Also neither is Anthropic–having a valuation of a trillion dollars just means that’s essentially how much you owe to investors). Anthropic and OpenAI are in insanely bad financial situations since much of the “investment” is just compute credits. To put it in perspective: it would be like you having to pay rent but you only get paid in is Applebees gift cards. They require a never before seen level of growth, which by the way, they’re already way behind on.