Investors are redirecting their attention to Anthropic, OpenAI's primary rival, leading to a notable lack of interest and challenges in offloading OpenAI shares on the private secondary market. Ken Smythe, the founder of Next Round Capital, observed a downturn in demand for OpenAI shares on his secondary market trading platform. He revealed that approximately six institutions have endeavored to sell US$600 million worth of OpenAI shares in recent weeks, but have failed to attract any buyers. Conversely, buyers are sitting on US$2 billion in cash, eager to invest in Anthropic. Other trading platforms have also reported unprecedented demand for Anthropic, with the substantial valuation disparity between Anthropic and OpenAI motivating investors to acquire stakes in Anthropic. Additionally, while banks like Morgan Stanley and Goldman Sachs waive performance fees when offering OpenAI shares to their wealth management clients, Goldman Sachs maintains its standard fee structure for clients investing in Anthropic.
