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OpenAI demand sinks on secondary market as Anthropic runs hot

bloomberg.com

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Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#21

Post by Robdel12 »

This, to me, reads like the CEOs that are catching up to months ago.

I was subbed to claude for CC since July/aug (can’t remember when I stopped paying the API pricing).

I canceled 3 weeks ago. Since then everything with the usage limits being slashed before being announced, their cache bug that eats limits (and won’t reset), and just rolling paper cuts with every single release I feel pretty good.

I personally think Anthropic is lost and are chucking products out left and right. They might vibe their moment away

Edit: their last month of releases for CC are heavily favored towards building openclaw into their ecosystem

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#22

Post by philipov »

bensyverson wrote: post #5
ForHackernews wrote: post #2

OpenAI increasingly looking like the Kozmo.com of the AI bubble.

Further proof that the "first-mover advantage" is dramatically overstated

It could alternatively be proof that Sam Altman's incompetence is dramatically understated.

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#23

Post by donkeyboy »

I think the main point is that these two companies have been thought of as equals. Yet OpenAI has a 850B valuation while Anthropic has a 380B valuation. So that means either OAI is overvalued, or Anthropic is undervalued. If you believe they are roughly equal, then it makes sense to have demand for Anthropic.

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#24

Post by yabutlivnWoods »

bayarearefugee wrote: post #11
johnwheeler wrote: post #3

Earlier quoted context omitted.

That's what happens when you're so untrustworthy as Sam Altman. This is coming to roost now. Ever since Paul Graham even said he'll get whatever he wants by any means necessary, basically. And then his board turns on him. He's a constant liar.

I wish being untrustworthy and being unsuccessful were linked in this way, but sadly they are not. Altman's untrustworthiness goes all the way back to Loopt and Paul Graham's comments about him were meant as praise, not criticism. OpenAI's problem is that in addition to Altman being untrustworthy he has also just been flailing in terms of focus.

> ...just been flailing...

Brains fried post late-00s to 10s endless ZIRP waterfall helping them fail up. Not used to reality where everything they touch does not turn to gold.

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#25

Post by verst »

baal80spam wrote: post #4
johnwheeler wrote: post #3

Earlier quoted context omitted.

That's what happens when you're so untrustworthy as Sam Altman. This is coming to roost now. Ever since Paul Graham even said he'll get whatever he wants by any means necessary, basically. And then his board turns on him. He's a constant liar.

Something I don't quite understand is why software developers are flocking to CC - product of a company whose CEO literally said they will be out of job because of it.

Like Jensen Huang said the job of an engineer is to solve problems not writing code. The code is a means to an end. This is certainly true for me as an engineer and why I'm not worried about AI.

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#27

Post by Aurornis »

Robdel12 wrote: post #21

This, to me, reads like the CEOs that are catching up to months ago. I was subbed to claude for CC since July/aug (can’t remember when I stopped paying the API pricing). I canceled 3 weeks ago. Since then everything with the usage limits being slashed before being announced, their cache bug that eats limits (and won’t reset), and just rolling paper cuts with every single release I feel pretty good. I personally think…

Most people I talk to who pay for their own subscriptions have switched providers at least once, or they keep 2 or 3 plans active from different companies so they can try them all out.

It’s interesting how the long business purchasing cycles and have made it difficult for companies to keep up with these rapid changes. Companies like to spend months getting a vendor approved and then not change it for years. Depending on when your company got on the AI coding bandwagon you may be locked into Copilot or ChatGPT while the rest of the coding world knows that Opus 4.6 is king, at least for this month. The situation may change again next month, but today that’s how it goes.

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#28

Post by TheRoque »

donkeyboy wrote: post #23

I think the main point is that these two companies have been thought of as equals. Yet OpenAI has a 850B valuation while Anthropic has a 380B valuation. So that means either OAI is overvalued, or Anthropic is undervalued. If you believe they are roughly equal, then it makes sense to have demand for Anthropic.

Your logic is flawed, comparing them doesn't mean anything about their absolute valuation, they could be both overvalued or both undervalued too

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#29

Post by Aurornis »

yalogin wrote: post #13

I don’t know why anyone would want to invest in OpenAI on the open market. They are wildly over priced, very much in the red, don’t have the momentum at this time. Their pitch is “trust us even though we are losing money every quarter we are building the user moat”. That is not their strength at this point. Llms have shown they are $ hungry and only enterprises have a proper use case for them. As evident from anthrop…

Open market investing in private markets is kind of a dumpster fire everywhere. The offering prices are way too high, the contorted investment vehicles can skim a lot of your investment, and the platforms may not even be able to get the shares you bought because the company exercises right of first refusal.

It’s mostly a FOMO play for people who think they need to have some exposure to these companies they see all over the news.

Re: OpenAI demand sinks on secondary market as Anthropic runs hot

#30

Post by blehn »

philipov wrote: post #22
bensyverson wrote: post #5

Earlier quoted context omitted.

Further proof that the "first-mover advantage" is dramatically overstated

It could alternatively be proof that Sam Altman's incompetence is dramatically understated.

Have never seen an interview or piece of writing where he comes off sounding like he knows what he's doing.
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