Key facts
- OpenAI is seeing a resurgence in secondary market interest after a period of lower demand.
- New models like GPT-5.6 Sol and the AI coding agent Codex are driving renewed buyer interest.
- Anthropic remains the dominant player in secondary markets, with more buyers seeking its shares.
- OpenAI's valuation has increased to $933 billion, up 20% in the past three months.
- OpenAI CEO Sam Altman acknowledged recent company challenges and expressed optimism for the future.
OpenAI is experiencing a significant increase in investor interest on secondary markets, a shift from earlier in the year when rival Anthropic dominated demand. This resurgence is attributed to the release of new, highly-regarded AI models, including GPT-5.6 Sol, and the success of its AI coding agent, Codex.
Traders noted that negative stories surrounding OpenAI in the first quarter, such as executive departures and slower growth, had dampened demand. However, the recent launch of advanced models and the disclosure of 9 million active users across its enterprise platforms have revitalized buyer interest. Despite this comeback, Anthropic still commands greater demand, with five buyers seeking its shares for every two interested in OpenAI.
OpenAI's valuation has climbed to $933 billion on secondary markets, marking a 20% increase over the past three months. This comes as CEO Sam Altman acknowledged recent company struggles but expressed confidence in a strong performance over the next year. The company's models are performing competitively, though some analysts point to ongoing pressure from Chinese and open-source competitors.