Analyst claims that his company literally could not find any institutional buyers for OpenAI’s shares; Elon Musk replies, says: Not …

A Bloomberg report recently said that demand for shares of ChatGPT-maker OpenAI has decreased on the secondary market. The report quoted Next Round Capital founder Ken Smythe who said “We literally couldn’t find anyone in our pool of hundreds of institutional investors to take these shares” adding “buyers have indicated they have $2 billion of cash ready to deploy into Anthropic”. Elon Musk, who has been in a public feud with OpenAI responded to the report saying “Not surprising”.

Notably, both Anthropic and OpenAI don’t allow investors to trade shares on the secondary market without their permission.