A wave of venture capital firms is investing in both OpenAI and its competitor Anthropic, challenging the traditional notion of investor loyalty. Major investors such as Founders Fund, Iconiq, Insight Partners, and Sequoia Capital have appeared in Anthropic’s recent funding round, while also backing OpenAI. The involvement of BlackRock affiliates, despite a senior BlackRock executive serving on OpenAI’s board, adds another layer of complexity. This dual‑investment trend raises questions about fiduciary responsibilities, board seat conflicts, and the evolving dynamics of private AI funding. Read more →