Investors question OpenAI’s 852B valuation as strategy shifts intensify

OpenAI’s massive 852 billion dollar valuation is being questioned by some of its own investors as the company repeatedly shifts strategy and pivots toward enterprise customers, according to the Financial Times. Critics argue that OpenAI has revised its roadmap twice in six months, dropped major initiatives like Sora’s rollout, and risks losing focus ahead of a potential IPO in late 2026. Tensions with Anthropic are also rising, with OpenAI’s new CRO accusing its rival of overstating revenue by 8 billion dollars due to different accounting methods, though both companies say they follow standard GAAP rules. Despite the concerns, OpenAI leadership points to its record 122 billion dollar fundraise and rapidly growing enterprise revenue as evidence that investor confidence remains strong.

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