OpenAI $852B Valuation Under Investor Scrutiny as Anthropic Closes Enterprise Gap Ahead of Dual IPOs
The Next Web·medium signal
The Next Web reports OpenAI investors are questioning the company's $852B valuation as Ramp data shows Anthropic capturing 73% of first-time enterprise AI buyers and closing to within 4.6 points of OpenAI's market share. The scrutiny intensifies as both companies prepare for anticipated IPOs. Anthropic went from ~10% of combined subscription spend in early 2025 to over 65% by February 2026, and is projected to overtake OpenAI in US business customers within two months.