Market Chatter: OpenAI Considers Price Cuts to Keep Ahead of Anthropic

MT Newswires Live06-11 18:10

Microsoft-backed (MSFT) OpenAI is considering slashing its prices to win customers from the rival Anthropic, which is backed by Alphabet (GOOG, GOOGL), The Wall Street Journal reported Wednesday evening, citing people familiar with the matter.

The company is examining price reductions for tokens it uses to bill for its products, ahead of expected cuts by Anthropic, the report said.

OpenAI did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment