OpenAI's valuation has decreased by more than 4% in the past 24 hours, briefly falling below $1.5 trillion, as concerns about CoreWeave's financial stability weigh on its performance. In contrast, Anthropic's perpetual contracts have risen by 2.4%, indicating a valuation of just over $2 trillion.
The disparity in open interest on perpetual contracts is notable, with Anthropic's positions exceeding $41 million compared to OpenAI's less than $7 million. This situation is exacerbated by CoreWeave's stock hitting a one-year low, down 54% over the past year, raising alarms about its debt-financing strategy.
OpenAI's longstanding relationship with CoreWeave, valued at over $22 billion, further ties its fortunes to the GPU rental company, while Anthropic's recent partnership with CoreWeave for its Claude products remains undisclosed in terms of financial value. Both companies have seen a decline of about 15% from their highs last month, reflecting broader market pressures