OpenAI $852B Valuation Scrutinized Amid Strategy Shift

OpenAI valued at $852 billion faces investor scrutiny as it pivots toward enterprise customers and prepares for a possible IPO this year.
Anthropic’s annualised revenue jumped to about $30 billion by March, up from $9 billion at end‑2025, intensifying AI competition.
OpenAI’s February annualised revenue was roughly $25 billion; its recent $122 billion funding round was cited by CFO Sarah Friar as strong investor backing.
Some investors warn the strategic shift could dilute consumer growth focus and complicate OpenAI’s growth trajectory ahead of an IPO.