OpenAI's $852 billion valuation faces investor scrutiny amid strategy shift

April 14 (Reuters) - OpenAI's $852 billion valuation is under scrutiny from some of its own backers ​as the company shifts its focus to the enterprise ‌market to fend off competition from Anthropic, the Financial Times reported on Tuesday.

Last month, OpenAI raised $122 billion in what would likely rank as ​the largest fundraising round in Silicon Valley history. However, the company ​has redrawn its product roadmap twice in the past ⁠six months in response to competitive threats, first from ​Google and then from Anthropic.

According to the report, some OpenAI ​investors said that the changes could leave it vulnerable to Anthropic and a resurgent Google, even as the company prepares for an initial public ​offering as early as this year.

Some industry watchers have ​predicted that Anthropic's pace of revenue growth will eclipse that of OpenAI ‌within ⁠a couple of months.

"You have ChatGPT, a 1 billion-user business growing 50-100% a year, what are you doing talking about enterprise and code?" an early backer of OpenAI told FT. "It's a deeply ​unfocused company."

OpenAI's Chief ​Financial Officer ⁠Sarah Friar said that the suggestion that investors are not supportive of the company's strategy defies ​the facts, FT reported.

[https://www.reuters.com/legal/transactional/openai-investors-question-852-billion-valuation-strategy-shifts-ft-reports-2026-04-14/?taid=69de2fc8bd318b0001e82a16&utm\_campaign=trueAnthem:+Trending+Content&utm\_medium=trueAnthem&utm\_source=twitter](https://www.reuters.com/legal/transactional/openai-investors-question-852-billion-valuation-strategy-shifts-ft-reports-2026-04-14/?taid=69de2fc8bd318b0001e82a16&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter)