PitchBook: 95+ investors put money into both Anthropic and OpenAI amid shifting norms; sources: Menlo, Lightspeed, and Iconiq each hold 1%-2% Anthropic stakes
THE SO WHAT
Nearly 100 investors backing both Anthropic and OpenAI shows that in frontier AI, capital is indexing the category, not picking a single champion. If you’re an enterprise buyer, don’t expect your VC cap table to give you a clean signal on which lab to standardize on — build for multi-model optionality instead.
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