https://www.reuters.com/legal/transactional/openai-investors-question-852-billion-valuation-strategy-shifts-ft-reports-2026-04-14/
Article
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FT reports early OpenAI investors questioning $852B valuation given strategic drift
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Criticism: pivoting to enterprise/code while sitting on ChatGPT’s 1B-user consumer franchise
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Strategy shifts toward Anthropic’s enterprise turf without a clear differentiator
Discussion
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Majority view: valuation is disconnected from revenue; “annualised revenue” not recurring revenue
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Engineers overwhelmingly using Claude; GPT-5.4 seen as unpleasant to interact with
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WeWork comparison made: leadership loose with numbers could shock at IPO filing
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Some defend ChatGPT’s 50-100% growth as real; others see this as routine “OpenAI doom” post
Discuss on HN