The raise is a disappointment
Many read it as a failed round: OpenAI wanted $20–30B, got $11B mostly from existing backers SoftBank and MGX, and the money buys maybe six months of runway before an IPO.
Anthropic looks stronger, maybe
Some argue Anthropic's enterprise and coding focus makes it worth more, while others say the models are neck and neck, switching is easy, and consumer reach could favour OpenAI.
Bubble and inflation skepticism
Commenters question trillion-dollar valuations generally, crediting inflation, too much capital chasing too few opportunities, rising interest rates and the lack of a moat, with a few true believers betting on superintelligence.