OpenAI's Fall from Grace: $600M in Secondary Shares Can't Find Buyers as $2B Floods into Anthropic — 188 Points

Hacker News·high signal

A LA Times investigation corroborated by Bloomberg reporting reveals OpenAI shares are becoming 'almost impossible to unload' on secondary markets, with ~$600M in shares from hedge funds and VCs going unsold while $2B in buyer demand targets Anthropic instead. Enterprise customers in healthcare and finance are gravitating toward Anthropic citing 'performance without the reputational risk.' The 188-point, 128-comment HN thread reflects practitioner sentiment that OpenAI's governance crises, Pentagon contract, and nonprofit-to-profit conversion have created lasting trust deficits.