Why OpenAI could be in trouble if Anthropic's IPO doesn't go well

What happened: Manhattan Venture Partners managing partner Jared Carmel told Yahoo Finance that OpenAI's (OPAI.PVT) decision to stay private could be a strategic misstep, with Anthropic's (ANTH.PVT) IPO expected in November. Key numbers: Anthropic IPO expected in November. Why it matters: Carmel said that if Anthropic's IPO does not go well, OpenAI will have a much tougher time raising money at its current valuation. He said OpenAI should have gone public around the same time instead of doing a private raise. Market: -0.6% today ($249.36), +10.1% YTD, 0.4x vol — as of 17:02 UTC

Manhattan Venture Partners managing partner Jared Carmel told Yahoo Finance that OpenAI's (OPAI.PVT) decision to stay private could be a strategic misstep, with Anthropic's (ANTH.PVT) IPO expected in November.

Carmel said that if Anthropic's IPO does not go well, OpenAI will have a much tougher time raising money at its current valuation. He said OpenAI should have gone public around the same time instead of doing a private raise. Market: -0.6% today ($249.36), +10.1% YTD, 0.4x vol — as of 17:02 UTC