Sources detail how OpenAI fell behind Anthropic in revenue growth and valuation after prioritizing consumer chatbots and flashy side projects over coding tools (Berber Jin/Wall Street Journal)

Techmeme ·

OpenAI reportedly lost revenue growth and valuation momentum to Anthropic as coding tools became a stronger enterprise growth driver.

Categories: Money & Moves

Excerpt

<a href="https://www.wsj.com/tech/ai/how-openai-lost-its-ai-crownand-the-fight-to-win-it-back-7d069695?st=KhR6t6&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260801/i1.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260801/p1#a260801p1" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Berber Jin / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/ai/how-openai-lost-its-ai-crownand-the-fight-to-win-it-back-7d069695?st=KhR6t6&amp;reflink=desktopwebshare_permalink">Sources detail how OpenAI fell behind Anthropic in revenue growth and valuation after prioritizing consumer chatbots and flashy side projects over coding tools</a></b></span>&nbsp; &mdash;&nbsp; Bets on consumer chatbots and flashy side projects overshadowed AI coding opportunity, which rival Anthropic used to capture the lead</p>