Anthropic has surged to a trillion-dollar valuation on secondary markets, overtaking OpenAI

Desperate buyers are in a race to secure a dwindling supply of secondary shares in Anthropic, driving the AI company's valuation on some sites to $1 trillion, a price that would have seemed unthinkable even a few weeks ago.

Meanwhile, traders Business Insider spoke with are seeing slumping demand for OpenAI, which is now trading at a discount to Anthropic, despite OpenAI being valued at $852 billion, more than twice Anthropic's valuation in their most recent funding rounds.

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…Read Full Article