OPENAI IS FALLING OUT OF FAVOR WITH SECONDARY BUYERS

Summary from the TLDR newsletter

OpenAI shares have dropped in value on the secondary market as investors pivot to Anthropic. Investors are, in some cases, unable to sell their shares. Meanwhile, buyers have indicated that they have $2 billion in cash ready to deploy to Anthropic. Anthropic and OpenAI don't allow investors to trade shares on secondary markets without permission, but access is still available on many platforms through mechanisms such as special-purpose vehicles.