Anthropic files for IPO at $965B valuation, racing OpenAI and SpaceX to public markets

Anthropic raises $65 Billion, nears $1T valuation ahead of IPO

Anthropic has snagged another $65 billion in funding at a $965 billion post-money valuation, marking what could be the AI startup's last private round before debuting on the public markets. The Series H round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners and others. Institutional investors including Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round. Strategic infrastructure partners, including Samsung, SK Hynix, and Micron, also joined the round. A portion of the round -- $15 billion -- is also made up of previously committed investments from hyperscalers, including $5 billion from Amazon announced in April. TechCrunch reported last month that Anthropic was close to closing a $50 billion round, with investors clamoring to get on the cap table. One institutional investor had even pledged as much as $5 billion just to get a meeting with Anthropic CFO Krishna Rao. Anthropic plans to use the new funds to "advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on." The round comes the same day that Anthropic released its new Claude Opus 4.8 model, which touts better capabilities in agentic tasks, advanced coding, and focus on honesty and self-correction. The AI startup is also reportedly planning to more widely launch models that are on par with its powerful cybersecurity model Mythos, which it has only released in limited fashion due to potential safety concerns. The company has seen increased growth since its last funding round, particularly among enterprise customers that rely on Claude Code. The company said its run rate revenue crossed $47 billion earlier this month, and The Wall Street Journal recently reported that the startup expects a 130% revenue surge to bring it to its first operating profit. "Claude's latest advancements have driven large-scale adoption among the world's most demanding organizations. This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead," said Brad Gerstner, Founder and CEO of Altimeter Capital. Anthropic has been in tight competition with OpenAI for fundraising and user growth in advance of their respective IPOs. Earlier this year, OpenAI last raised a whopping $122 billion round in March at an $852 billion post-money valuation. Elon Musk's SpaceX -- which merged with xAI earlier this year -- is targeting a $2 trillion valuation in its pending IPO, and seeking to raise more than $75 billion.

Anthropic's Proposed IPO Will Change The Economics Of Enterprise AI

Anthropic has confidentially filed its S‑1 for a proposed IPO. On the surface, early investors, VCs, and late-stage backers are likely planning the biggest AI liquidity party of 2026. The company already has more money than it can spend after a fresh $65 billion Series H round at a $965 billion post-money valuation (nearly $1 trillion). Yes, that's with 10 or 11 zeros. If you dig under the surface, a planned IPO doesn't suddenly make Claude a better model or change who wins your production workloads. Here's the part that matters: going public forces discipline that enterprises on their AI voyage are also seeking when it comes to driving AI value. This discipline is about to reshape the economics, behavior, and trajectory of one of the most important AI startups in the market. The Real Shift: From AI Idealism To Public Market Reality Anthropic's transition to a public company introduces a new constraint: the need to deliver predictable growth and profitability under scrutiny. This amplifies tensions the company and the markets have not resolved; namely the tradeoffs between the financial progress investors will demand and Anthropic's innovation roadmap as well as the metrics that matter to enterprises like costs and trust. This will show up in how Anthropic prices, packages, and prioritizes its products as a public company and enterprise buyers will feel it. What Actually Changes For Enterprise Buyers Anthropic's product roadmap won't suddenly flip. But the commercial model will. Expect three shifts: React, But Don't Overreact Anthropic's proposed IPO does not change the fundamental competition for your enterprise AI investments. But don't ignore the implications. Public market pressure will reshape how Anthropic behaves. If Anthropic is part of your AI portfolio today, now is the time to do the following: * Resist long-term contracts to limit vendor lock-in and identify where you're exposed to usage-based cost increases * Plan by re-evaluating all your AI options and considering a multi-model approach * Perform by tracking changes in pricing and packaging closely and tying AI usage (particularly for software development) to measurable outcomes Want to talk further about AI cost and value? Book a guidance session with us.

Anthropic files to go public -- Claude maker races OpenAI and SpaceX to IPO

Anthropic, the company behind the large language models known as Claude, has confidentially filed to go public, it announced in a blog post. This sets up a race to Wall Street, as SpaceX (which now owns xAI) and OpenAI are also making moves to raise capital from retail investors. The company filed a Form S-1 with the U.S. Securities and Exchange Commission, but there's very little information. The company has yet to set a price target or the number of shares it would sell. Beyond raising funds from a larger number of investors, going public could allow some of Anthropic's employees to sell equity they have earned during their tenure, increasing the fortunes of AI researchers and other employees. Anthropic, founded by former OpenAI employees including chief executive officer Dario Amodel, has changed tactics, focusing its chatbots and other features on enterprise users, such as its Claude Code feature. It also developed its Mythos model, which it hasn't released widely and has used with partners to help discover and close security vulnerabilities. Just last week, Anthropic surpassed OpenAI to become the most valuable AI startup, nearing a $1 trillion valuation. But of the AI companies, Anthropic has also been the one to suggest that caution needs to be exercised around its technologies. That came to a head this year when the Trump Administration wanted the AI lab to remove guardrails. When Anthropic refused, the Pentagon deemed the company a supply chain risk, though Amodei has been to the White House to discuss Mythos. If Anthropic does go public, it's likely to be one of the biggest IPO's ever. And if it goes public at the same time as SpaceX and OpenAI, it could make a lot of the companies' employees very wealthy. Follow Tom's Hardware on Google News, or add us as a preferred source, to get our latest news, analysis, & reviews in your feeds.

Anthropic races toward a Wall Street debut with a confidential SEC filing

Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion. Anthropic said Monday it has submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. "This gives us the option to go public after the SEC completes its review," Anthropic said in a brief statement. "The proposed initial public offering will depend on market conditions and other factors." The company said it hasn't decided on the number or price of shares to be offered. Anthropic said last week it had raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups. The announcement vaulted Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble.

Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round

Anthropic is now the most valuable artificial intelligence company in Silicon Valley. The AI giant announced a $65 billion Series H financing at a $965 billion valuation on Thursday. The financing puts its value above rival AI lab OpenAI. CNBC reported in late April that Anthropic was in talks to raise capital. The newest round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital and almost triples its valuation from February, when it was worth $380 billion. OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. Anthropic's revenue has exploded thanks to its popular AI coding assistant, Claude Code. Anthropic also reported a $47 billion revenue run rate on Thursday. That's up from $30 billion run rate earlier this year, and $10 billion in revenue last year. The company released its latest model, Claude Opus 4.8, earlier on Thursday. Anthropic has also captivated Wall Street by unveiling Claude Mythos Preview, a model with advanced cybersecurity capabilities that's only available to a select group of companies. "Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs," Anthropic's Chief Financial Officer Krishna Rao said in Thursday's press release. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens."

AI giant Anthropic announces plans to list on US stock market

AI giant Anthropic has announced it plans to become a public company in the US. The company, which is behind the popular chatbot Claude, said on Monday it had filed confidential paperwork with the US Securities and Exchange Commission in order to make an initial public offering (IPO) this year. The move means people will be able to trade shares in the firm on the stock market, though the company said the number of shares to be offered and the price "have not yet been set". Anthropic's announcement comes after Elon Musk's SpaceX revealed its own plans to go public, teeing up a test of whether appetite among investors matches the soaring valuations of AI firms. While Anthropic, founded just five years ago, recently raised money from private investors that valued the company at more than $965bn (£717bn ), it did not reveal a target price for its planned public listing.

Anthropic Is Now Worth More Than OpenAI

In a blog post on Thursday, Anthropic wrote that it "has raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965 billion post-money." The most recent blog post along similar lines from OpenAI places its valuation at $852 billion. That means the top of the leaderboard has flipped. Among AI-first tech companies, Anthropic, "the Claude one," is now technically more valuable than OpenAI, "the ChatGPT one." There are, however, some mitigating factors to keep in mind about these valuations. First of all, as critics like Ed Zitron avidly and constantly point out (as well as more staid, mainstream critics like HSBC), AI as a core business is -- to say the leas -- unproven as a strategy for long-term profitability. Anthropic claims to have just turned an operating profit for one quarter, as the Wall Street Journal reported, but that story also notes that "it is unclear what accounting methods Anthropic has used to book revenue and costs," and that, "The company might not remain profitable for the full year as it plans spending increases due to its vast computing needs." So it would be a stretch to call Anthropic a profitable company. Those aforementioned "vast computing needs" are no secret. It has committed hundreds of billions of dollars to companies like Amazon, Google, and Broadcom over the next decade, and it's made a short term commitment of $1.5 billion per month to SpaceX. Investors are no doubt aware of all that spending, but they also know Anthropic's revenue exploded around the start of the 2026 calendar year because of an influx of enterprise clients. Vibe coding is the apparent norm now, creating a narrative in which companies supposedly no longer need young coders to do menial work thanks to Claude Code -- along with competitor products like OpenAI's Codex. Announcements of small changes to Anthropic's Claude Code product have started to have huge impacts on the stock market, particularly the valuations of software-as-a-service (SaaS) companies. Rather than leading lately, OpenAI is seen to be playing catch-up. However, another thing to keep in mind about Anthropic being the new valuation champion is that OpenAI's most recent valuation was calculated based on a funding round from two months before Anthropic's. So this is a little like when a sports team overtakes a rival in league rankings having played one more game than the other. There's more ball still to come. Since OpenAI and Anthropic are -- for now -- both privately held companies, price discovery is scattered and a bit sketchy, especially since the companies still don't have to report their earnings and expenditures publicly. For what it's worth, Anthropic's valuation on Forge Global, a secondary market for private shares overtook OpenAI's last month, with Anthropic's estimated value at around $1 trillion, and OpenAI's at $880 billion. Want an even sketchier estimate? Polymarket places the odds of Anthropic having a higher valuation than OpenAI at the end of June at 89% as of this writing. Some degree of clarity is probably on its way. A May 20 New York Times article citing "two people with knowledge of the matter" said OpenAI was expected to file for an IPO "in the coming weeks." In fact, it may have filed confidentially on May 22. Meanwhile, Forbes says Anthropic's IPO could come "as soon as October." So perhaps in fall there'll be a clearer winner in this contest. By then, the pricing of shares in OpenAI and Anthropic will be publicly available in real time. If people dispute that one publicly traded AI company is "worth more" than the other, they can, and probably will, fire up an app like Robinhood and vote with their life savings. And then, well, God help them.

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups as it careens toward a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble. Anthropic said the new round of funding was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," said a written statement from Anthropic's chief financial officer, Krishna Rao. Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk's xAI in February.

Anthropic eyes going public as it files official submission to SEC

Anthropic has announced that the company has submitted official documentation to the SEC to start being publicly traded, beating OpenAI to an IPO. Anthropic's submission to the SEC consists of a confidential Form S-1. The draft is the first official step to landing on the public stock market (via The Verge). The announcement means Anthropic may beat OpenAI to going public, something both AI startups have reportedly had eyes on for some time. If the submission is approved upon review, Anthropic's IPO would be among the most valuable. Rough estimates put the company at a valuation of $965 billion, as of late May. OpenAI, in comparison, sits right at around $852 billion. What Anthropic sent to the US Securities and Exchange Commission to move towards an IPO is being held confidential until a later date. Anthropic is keeping the number of shares and price under wraps until it's ready to set things in motion. The details contained within a filing like this would be something unprecedented, considering the nature of an AI startup. Claude has been steadily improving as a model. A recent update brought Claude Opus 4.8 to the table with significant improvements and features. Even among some setbacks like the recent internal leak that ended in the distribution of Claude's source code, the company still boasts one of the best-performing models. Other competitors to Anthropic's Claude include Gemini, though Google is well beyond filing for an IPO. As performance goes, Gemini 3.5 Flash holds a slight advantage over Claude Opus 4.7, according to some of the most recent numbers.

Anthropic IPO storylines to watch

It could be one of three American companies to go public this year at a valuation of more than $1 trillion, something that has never before happened even once on a U.S. exchange. 1. Clubhouse leader: Anthropic has pole position in the AI "race," ahead of OpenAI and xAI owner SpaceX, thanks largely to its early focus on enterprise customers. * The lead could be fleeting, particularly with Google announcing plans to raise $80 billion to bolster its own AI buildout. * It's unlikely to be a winner-take-all market, as most institutional investors will effectively index Big AI's circular economy, but momentum matters at the margins. 2. Corporate cutback: Some companies already are having second-thoughts about their AI spend, and are investigating cheaper models or more deliberate choices around which tokens to use for which tasks. * This is where Anthropic's enterprise focus could become a double-edged sword. 3. Market timing: Yesterday's confidential filing means that Anthropic could go public in mid-August -- if it were to follow the SpaceX model. * August is usually a dead zone for IPOs, as lots of bankers and investors are on summer holidays, but Anthropic is one of the few companies that can go public in any market at any time. * That said, don't pay too much attention to Anthropic getting out before OpenAI (assuming it does so). Wall Street already knows both of these stories very well, and OpenAI is likely to have flipped its S-1 public by the time that Anthropic prices -- allowing investors to make their own comparative judgments. * Both companies may benefit in a post-public SpaceX world, because investors will already have seen new index inclusion rules in action. 4. PBC play: Anthropic is a public benefit corporation, which means it's required to balance shareholder interests with "responsible development and maintenance of advanced AI for the long-term benefit of humanity." * This is a bigger deal than OpenAI's nonprofit foundation or Google's mantra of "Don't be evil," and could cause some investors to discount the stock. Particularly if the PBC status returns to the forefront, as it arguably did during Anthropic's recent dustup with the Pentagon (which remains unresolved). 5. D.C. doings: President Trump still hasn't issued his executive order on AI, which could require companies like Anthropic to share new models with government regulators before release.

Anthropic overtakes OpenAI to become most valuable AI company

Move over, OpenAI. There's a new leader in the AI industry. Anthropic announced on Thursday that it had raised $65 billion in funding from investors led by Altimeter Capital, Greenoaks, Dragoneer, and Sequoia Capital. This fundraising round puts Anthropic's valuation at nearly one trillion dollars, or $965 billion to be exact. OpenAI, long seen as the face of the AI industry after its AI chatbot ChatGPT was launched, was last valued at $852 billion back in March. According to the New York Times, the new valuation makes Anthropic the most valuable privately held AI company in the world (companies like NVIDIA and Google have surpassed the $1 trillion mark). Anthropic has now usurped OpenAI in the AI race when it comes to valuation -- and revenue too. In addition to the fundraising round, Anthropic announced that the company hit a $47 billion revenue run rate earlier this month. As CNBC points out, that's up from Anthropic's $30 billion run rate earlier this year and $10 billion in annual revenue last year. Earlier this week, The Information reported that OpenAI's annualized revenue run rate is around $30 billion. Anthropic's $47 billion revenue run rate is roughly 35 percent more than OpenAI's. This is certainly not the most ideal news to drop for OpenAI right before the company's planned IPO. "Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs," said Anthropic CFO Krishna Rao in a statement. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens." So, how did this happen? It appears that OpenAI has had more of a focus on ChatGPT subscriptions from everyday consumers, whereas Anthropic has positioned Claude as a leading developer tool for businesses with products like their agentic coding assistant, Claude Code. Based on Anthropic's revenue and valuation, their business model with its AI assistant Claude seems to be working better than the competitors.

Top analyst sees 'opening of the floodgates for the IPO market' after Anthropic's filing as dotcom bubble comparisons fly | Fortune

Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion. Anthropic said Monday it has submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. "This gives us the option to go public after the SEC completes its review," Anthropic said in a brief statement. "The proposed initial public offering will depend on market conditions and other factors." The company said it hasn't decided on the number or price of shares to be offered. Anthropic said last week it had raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups. Anthropic now has vaulted ahead of its chief rival, ChatGPT maker OpenAI, not only in market value and reported revenue but also on the path to becoming a publicly traded company. "I think we were all expecting OpenAI to go first, so it was a little bit surprising," said Patrick Corrigan, a law professor at Notre Dame University who studies IPOs. "Public investors are going to be comparing them roughly around the same time, and so there seems to be a bit of a first movers' advantage here." Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three have been losing more money than they make, fueling concerns of an AI bubble. Wedbush Securities analyst Dan Ives said Anthropic's move marks a major step for the company to get ahead of OpenAI and "an opening of the floodgates for the IPO market, which has been relatively dormant for a few years, with these three major conglomerates set to go public later this year." Corrigan said the race between Anthropic, OpenAI and SpaceX resembles in some ways the rush by startups to go public in the early internet era. Some of those companies -- like Amazon -- did well, and others infamously failed during the dot-com crash but still left new technology that changed society and work life. "Whenever there is speculation, there's also usually substance and fundamentals," Corrigan said. "The question here is whether the price investors are going to end up paying is going to match up to the substance and fundamentals of what AI is really going to do in the real economy and as a business." Claude's growing popularity has left OpenAI playing catch-up despite its early lead in making ChatGPT a household name that sparked a commercial AI boom. Anthropic also last week launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. It has not yet reported filing initial IPO paperwork with the SEC. SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk's xAI in February. Musk recently announced plans for one of the biggest stock sales ever and will be able to pitch the offering to investors as soon as this week. IDC analyst Tim Law said it will be a "healthy thing" for the AI industry when these companies are required to provide quarterly earnings reports and disclose some of their technology investments. "We think of these as very mature organizations, but they've had to mature in a very short period," he said. As for bubble concerns, Law, who rode the dot-com IPO wave while working for internet company VerticalNet in the early part of the century, said there's evidence from these AI startups' existing products to show they are on a path not just to profitability but to artificial general intelligence, technology that does work as well as or better than humans. "There are some skeptics around demand. I thoroughly believe the demand is there and will grow," Law said. "I think this funding round may be the thing that enables us to complete the final sprint toward AGI."

AI Giant Anthropic Files to Go Public After Nearing $1 Trillion Valuation

Add Decrypt as your preferred source to see more of our stories on Google. Anthropic has taken its first formal step toward becoming a public company, announcing Monday that it confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission for a proposed initial public offering. The filing gives the Claude developer the option to move forward with an IPO after the SEC completes its review, although the company said any offering remains subject to market conditions and other factors. The announcement comes days after Anthropic raised $65 billion in Series H funding at a reported $965 billion valuation, making it one of the world's most valuable private technology companies. Anthropic said it has not yet determined the number of shares it may offer or a potential price range.

AI giant Anthropic confidentially files for IPO

San Francisco (United States) (AFP) - AI giant Anthropic, the maker of the Claude chatbot, announced Monday that it had filed confidentially for an initial public offering (IPO), as Silicon Valley AI companies look to raise the enormous sums needed to fuel the sector's rapid expansion. A confidential filing lets a company submit its IPO paperwork to the Securities and Exchange Commission (SEC) for review without making its financials and business details public until much later in the process. "This gives us the option to go public after the Securities and Exchange Commission completes its review," the company said in a statement. "The proposed initial public offering will depend on market conditions and other factors." "The number of shares to be offered and the price have not yet been set," the company added. The filing came just days after the company said it raised $65 billion in a new funding round that valued the OpenAI rival at $965 billion, putting it on the cusp of a trillion-dollar valuation. The latest fundraising round confirmed Anthropic's place as one of the most significant players in AI, having built its reputation by focusing on delivering generative AI to enterprise clients. Anthropic's valuation puts it ahead of OpenAI, which was valued at $852 billion in March and is also aiming to go public, with a filing expected imminently. Founded in 2021 by siblings Dario and Daniela Amodei and other former executives at OpenAI, Anthropic has positioned itself as a safety-focused alternative in the AI race. Musk deal Claude Code, its coding assistant for developers, has become one of its most popular products, helping push its projected annual revenue to $47 billion. Anthropic's commercial success has been accompanied by difficulties meeting demand for computing power, amid a shortage of chips and servers. In recent months, the company has faced criticism from users complaining that they were exhausting their usage quotas too quickly and having to pay high prices to continue. In response, Anthropic has struck deals to secure several gigawatts of computing capacity from Amazon, Google and Broadcom. Last month, the company signed a surprise agreement with tech billionaire Elon Musk. Musk, who is embroiled in a legal battle against the founders of OpenAI, is leasing access to his Colossus data centers to Anthropic for $1.25 billion per month. Located in Memphis, Tennessee, the facility had been underutilized by his xAI lab, the creator of the Grok chatbot. Anthropic and OpenAI's IPOs would likely follow Elon Musk's SpaceX to Wall Street. SpaceX, which absorbed Musk's AI company xAI, could see shares begin trading as early as June 12. The company is targeting a valuation of approximately $1.75 trillion in what would be the largest IPO in history. Anthropic's IPO filing comes as it navigates a legal dispute with the Pentagon, which designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation.

Anthropic dethrones OpenAI as world's most valuable AI start-up

Artificial intelligence company Anthropic raised $65 billion in private funding, boosting its valuation to $965 billion and overtaking OpenAI's last reported valuation of $730 billion as the two firms compete for dominance in the AI sector. Artificial intelligence company Anthropic said on Thursday it had raised $65 billion (€55.8bn) in private funding, pushing its valuation to $965bn (€829bn). This made the five-year-old maker of the Claude chatbot one of the world's most valuable start-ups as it moves towards a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualised revenue of $47bn (€40.4bn) from selling its technology to people and organisations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by former OpenAI executives, and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are expected to become publicly traded. All three are also still losing more money than they make, fuelling concerns of an AI bubble. San Francisco-based Anthropic said the new round of funding was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," Anthropic chief financial officer Krishna Rao said in a statement. Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, saying it is even better at coding and other professional work than previous models. Anthropic's rapid growth and Claude's growing popularity have left OpenAI playing catch-up despite its early lead in making ChatGPT a household name that sparked a commercial AI boom. OpenAI last reported in March it was heading towards a $852bn (€732bn) valuation after a $122bn (€104.8bn) fundraising round. SpaceX was valued at $800 billion (€680 billion) last year, but its value grew to $1.25 trillion (€1.06 trillion) after the space exploration company merged with Musk's xAI in February. Musk recently announced plans for one of the biggest stock sales ever and will be able to pitch the offering to investors as soon as next week. OpenAI also cleared a major hurdle towards its initial public offering ambitions after a federal court last week dismissed a lawsuit from Musk, an OpenAI co-founder and early donor, after a weeks-long jury trial over whether the company had betrayed its original non-profit mission. Musk has said he plans to appeal. Despite its newfound success, Anthropic has also faced obstacles this year -- particularly a bruising legal fight with President Donald Trump's administration over how AI tools like Claude can be used in warfare. Trump in February ordered all US agencies to stop using Claude, and Defence Secretary Pete Hegseth declared the company a supply chain risk after an unusually public clash between the Pentagon and CEO Dario Amodei. Anthropic sued in a dispute that is still working its way through two federal courts. At the same time, Anthropic has been in talks with the White House over the cybersecurity capabilities and risks of its most powerful model, Mythos, which is not yet widely available to the public. Anthropic also had an influential role at the Vatican ahead of Pope Leo XIV's call on Monday for robust regulation of AI and for its developers to work for the common good rather than profit. The sweeping manifesto called "Magnifica Humanitas" (Magnificent Humanity), Leo's first encyclical, repeatedly blasted the concentration of power and data in the hands of so few people in the private sector as a danger.

Anthropic secures $965 billion valuation after raising $65 billion

Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it seeks to expand computing capacity to meet growing demand for chatbot Claude and scale its products. The new valuation after the series H funding round puts Anthropic ahead of rival OpenAI, which was last valued at $852 billion post-money in March. "Since our series G in February, adoption has continued to grow across global enterprise customers, and our run-rate revenue crossed $47 billion earlier this month," Anthropic said in a blog on its website. It was valued at $380 billion in February, after raising $30 billion. Anthropic's pursuit of private funding coincides with preparations for a public listing, according to investors and bankers familiar with the company. Both Anthropic and OpenAI are planning to tap the public market, possibly as quickly as this year, to acquire the computational resources necessary to power their services and train new models. Anthropic has struggled to meet demand in recent months, forcing it to institute usage limits during peak hours and incentivize off-peak use by offering more compute during those hours. Its latest funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with Coatue and ICONIQ as co-leads, among others. Anthropic's strategic infrastructure partners Micron MU.O, Samsung 005930.KS and SK Hynix 000660.KS also joined the investment round. The round comprises $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon. Amazon had said in April it would invest up to $25 billion in Anthropic, as the AI startup commits to spending more than $100 billion over the next 10 years on Amazon's cloud technologies. This is in addition to the $8 billion Amazon previously invested in the company.

Anthropic faces AI spending backlash before IPO

Why it matters: Companies are Anthropic's biggest customers. If they dial down their AI spend, that could weaken the AI lab's revenue just as the it prepares to IPO. Driving the news: Hours after Anthropic filed its pre-IPO paperwork, OpenAI CEO Sam Altman told CNBC that corporate concern over AI costs is "the most fair criticism of AI so far." * Bain published a survey of nearly 1,000 companies showing that after investing in AI, "the value didn't arrive," with 40% of surveyed companies reporting AI cost savings below 10%. * An early Anthropic investor tells Axios that companies are waking up to how much they're spending on Claude, Anthropic's AI model, and that is a risk they're monitoring closely. * This comes after an AI consultant told Axios a CFO client accidentally spent half a billion dollars on Claude in a single month. Between the lines: Even AI executives are acknowledging their technology has a cost problem. * "The risk of enterprises switching to cheaper models is existential and, frankly, escalating," Matt Rodgers, co-founder and CEO of Mill, who also worked on the original iPhone, told Axios via email. * "Some open source LLMs [large language models] are as good without the price tag," he added. Threat level: Corporate pushback on AI spend would be a challenge for every AI lab, but Anthropic could feel it more given its exposure to enterprise customers. * In April, Anthropic surpassed OpenAI in business customers for the first time, per Ramp data. * Business revenue has been Anthropic's greatest strength, given these customers pay more than everyday people. * It could become Anthropic's Achilles heel if businesses start to rebel against AI costs. Reality check: Anthropic is on track for nearly $50 billion in annual revenue per its latest funding round, and its first profitable quarter ever according to the Wall Street Journal. * Anthropic keeps beating its own growth metrics, while competitor OpenAI is reportedly missing internal revenue targets. * It's also the fastest growing company in modern American history. * But the AI race is far from over: "You can't make a three or five year bet in this space... someone can jump over everybody else by coming up with the next great thing," Michael Levine, CFO of Fireblocks told Axios. The bottom line: AI labs are looking to go public right as their biggest customers are figuring out how to define their relationship with AI.

Anthropic confidentially files for IPO amid rapid growth

Anthropic PBC today disclosed that it has confidentially filed to go public. The company didn't share any details about its planned listing in the brief blog post that announced the move. Anthropic is widely expected to hold its public offering this year. The stock sale will likely give it a market capitalization above $965 billion, the valuation it received after its most recent funding round. The timing of today's announcement is notable. Recent reports indicate that Anthropic may have closed its first profitable quarter over the weekend, an important milestone that could significantly boost investor interest in the IPO. Last month, sources told CNBC that the company would only turn a profit if its second quarter revenue exceeded $10.9 billion. Last week, Anthropic disclosed that its annual run-rate has topped $47 billion, which amounts to $11.75 billion per quarter. The company's annualized revenue has more than tripled since February. One of the main contributors to Anthropic's growth is Claude Code, the programming-optimized version of its chatbot. The service's annualized revenue passed $2.5 billion within less than a year of its launch into general availability. Claude Code is powered by the company's Claude series of large language models. Anthropic's plan to release "Mythos-class" LLMs in the coming weeks could further boost the interest around Claude Code, particularly among companies looking to improve their cybersecurity. Claude Mythos Preview is a model the company announced in April but didn't broadly release. According to Anthropic, its researchers have used it to find high-severity vulnerabilities in every major operating system and browser. Large enterprises are also an important source of revenue for Anthropic. This past February, the company revealed that the number of customers who spend more $1 million per year on its services had topped 500. It had a few dozen such users two years earlier. The upcoming IPO will unlock liquidity for Anthropic's institutional backers, which have invested more than $90 billion in the company since the start of the year alone. Additionally, the proceeding from the listings should make it easier for the AI provider to finance its considerable infrastructure investments. In April, Anthropic committed to using more than $100 billion worth of Amazon Web Services Inc. services over 10 years. It earlier agreed to purchase several gigawatts worth of computing capacity from Broadcom Inc. and Google LLC. Another Anthropic infrastructure partner, SpaceX Corp., published its IPO filing last week. The document revealed that Anthropic had agreed to pay the company $1.25 billion per month through 2029 for access to its AI supercomputers. SpaceX, which develops not only rockets but also LLMs that compete with Claude, hopes to raise as much as $75 billion. OpenAI Group PBC is expected to hold its listing by year's end. In a CNBC interview, Chief Executive Officer Sam Altman addressed Anthropic's IPO filing by stating that the ChatGPT developer will go public "when we think it makes sense." OpenAI reportedly hopes to raise at least $60 billion at a valuation of up to $1 trillion.

Anthropic Nears $1 Trillion Valuation, Topping OpenAI After Fresh $65 Billion Raise

Anthropic said the funding will support AI safety research and expand its compute power. Anthropic said Thursday it raised $65 billion in a Series H funding round, valuing the company at $965 billion post-money and underscoring the escalating cost of building and operating frontier AI models. The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, alongside investors including Blackstone, Fidelity, Lightspeed Venture Partners, and Temasek. "Earlier this month, our run-rate revenue crossed $47 billion," Anthropic wrote on X. "This growth has been driven by organizations across many industries deploying Claude in their core operations, and by a growing number of people using it for their everyday work." The company said the funding will support safety and interpretability research while expanding the compute infrastructure required to train and run increasingly powerful AI models. At the same time, investors said the funding reflects growing demand for Anthropic's Claude AI models among businesses. "Claude's latest advancements have driven large-scale adoption among the world's most demanding organizations," Altimeter Capital founder and CEO Brad Gerstner said in a statement. "This momentum positions Anthropic to lead the next phase of AI innovation." Anthropic's $965 billion valuation now tops the last disclosed valuation of its chief rival. In March, rival AI developer OpenAI announced a $852 billion valuation following a $122 billion funding round, saying demand for ChatGPT, enterprise AI tools, and computing power was accelerating worldwide. The news comes following several partnerships and investments from Amazon, Google, Broadcom, and SpaceX, respectively, with Anthropic aimed at expanding the computing power needed to train and run Claude. The funding announcement also comes amid an ongoing feud with the Trump administration, after Pentagon officials demanded AI contractors allow their models to be used for "any lawful use," including military applications. In February, Anthropic, which already held a $200 million Defense Department contract, refused to remove safeguards blocking Claude from being used for mass domestic surveillance or fully autonomous lethal weapons. The company is also facing concerns from cybersecurity experts that its Claude Mythos model could make advanced cyberattacks easier to carry out. Despite these concerns, Anthropic said demand for Claude continues to surge among businesses and enterprise customers worldwide. "Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs," said Krishna Rao, Chief Financial Officer of Anthropic. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens." News of Anthropic's nearly $1 trillion evaluation also comes on the same day the company released Claude Opus 4.8, the latest version of its flagship Claude AI model, and said that the controversial cybersecurity-focused Claude Mythos model could become publicly available within weeks as the company works to expand safeguards around the system.

Anthropic soars to $US965b valuation, beating rival OpenAI

Artificial intelligence company Anthropic said Thursday it raised $US65 billion ($90 billion) in private funding that will push its valuation to $US965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable start-ups as it careens toward a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualised revenue of $US47 billion from selling its technology to people and organisations using Claude to write code and do other work and personal tasks on their behalf.

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups as it careens toward a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble. Anthropic said the new round of funding was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," said a written statement from Anthropic's chief financial officer, Krishna Rao. Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk's xAI in February.

Anthropic valued at close to a trillion dollars in new funding round

Artificial intelligence company Anthropic announced on Thursday that it had raised $65 billion in a new funding round, valuing the Claude maker (founded by former OpenAI employees and led by Dario Amodei) at $965 billion and placing it ahead of rival OpenAI. Artificial intelligence company Anthropic said Thursday it had raised $65 billion in a new funding round that values the Claude maker at $965 billion, more than its arch-rival OpenAI, the maker of ChatGPT. The latest fundraising round confirms Anthropic's place as one of the most significant players in AI, with the start-up led by Dario Amodei having drawn fans for its coding powers and state-of-the-art models. Anthropic's rise came by doubling down on delivering generative AI to enterprise clients rather than general users, the path initially chosen by arch-rival OpenAI. Founded by former OpenAI employees, including CEO Amodei, Anthropic has a special focus on AI safety even as it rushes out new products in order to remain in the AI race. Read moreSamsung workers avert strike, secure bonus deal after AI profit surge "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," said Krishna Rao, Anthropic's chief financial officer. Anthropic's near-trillion-dollar valuation puts it ahead of OpenAI, which was valued at $852 billion in March. Both companies could go public as early as this year. Ahead of them, Elon Musk's SpaceX, which absorbed his AI company, xAI, in February, could see shares begin trading as early as June 12, targeting a valuation of approximately $1.75 trillion in what would be the largest IPO in history. Anthropic's round was led by major Silicon Valley venture capitalists Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. It also included $15 billion in previously committed investments from cloud giants, including $5 billion from Amazon. Read moreAI leaders soften warnings on job losses as industry reassesses impact Semiconductor firms Micron, Samsung and SK hynix - whose products are crucial to the technology - also participated as strategic infrastructure partners. The company said Claude is now the first frontier AI model available across all three of the world's largest cloud platforms - Amazon Web Services, Google Cloud and Microsoft Azure. The funding comes as Anthropic navigates a high-profile legal dispute with the Pentagon, having sued the Defence Department after it designated the company a supply chain risk - a move Anthropic called unconstitutional retaliation for its refusal to grant the military unfettered access to its AI models. Mythos is Anthropic's powerful, next-generation AI model with unprecedented cybersecurity capabilities. This has led Anthropic to restrict its access to security partners rather than releasing it to the public.

Anthropic overtakes OpenAI as the most valuable AI startup

Why it matters: With the round, Anthropic leapfrogs OpenAI, which was most recently valued at $730 billion. Driving the news: The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. * The company said the funding will support safety and interpretability research, expand compute capacity and scale Claude products and partnerships. * Anthropic said its run-rate revenue crossed $47 billion earlier this month. Zoom in: The round includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon. * Infrastructure partners, including Micron Technology, which just soared above a $1 trillion stock market valuation, also contributed. What they're saying: "This funding will help us serve the historic demand we are experiencing, stay at the research frontier and bring Claude to more of the places where work happens," Anthropic chief financial officer Krishna Rao said in a release.

Anthropic Files S-1 on Its Journey to an IPO Following a Year of Unprecedented Growth

Anthropic, the high-flying company behind the Claude family of AI models, has confidently submitted a draft Form S-1 to the SEC, the first official indication that the company is on the path to going public. In a brief announcement on its website, Anthropic said that it had submitted the S-1, and added the number of shares being offered and the price of any future IPO "have not yet been set," and will "depend on market conditions and other factors." Anthropic's filings come just days after the company announced that it had raised a $65 billion Series H funding round that valued the company at $965 billion. It also comes soon after Elon Musk's SpaceX publicly revealed its S-1 filing, and amid reports that OpenAI is preparing to, or may already have, confidentially filed its own S-1. The company's growth in the first half of 2026 is unprecedented. In a blog post announcing its latest fundraise, Anthropic said that its run rate revenue had grown from $10 billion to $47 billion since the start of the year. Much of that growth can be attributed to the business community's adoption of Claude. In May, Ramp economist Ara Kharazian said that Anthropic had overtaken OpenAI in business adoption. Several companies, including Microsoft and Uber, have reportedly exceeded their AI budgets for the year in just a few months due to heavy usage of Claude. This explosion in usage directly translates into revenue for Anthropic. Inc. named Claude as its Cofounder of the Year in 2025. Anthropic has had a roller-coaster year. In February, the company made headlines for refusing to alter the terms of its deal with the Department of Defense after the Pentagon requested that security guardrails around autonomous weapons and domestic surveillance be removed. The company was branded as a supply chain risk, and President Trump directed federal agencies to begin the process of transitioning to another model provider. But in April, Anthropic announced Claude Mythos, an extremely large model that is powerful enough to completely upend decades of cybersecurity practice. Anthropic hasn't publicly released Mythos yet in order to give the cybersecurity community time to strengthen their defenses. Mythos's power also helped Anthropic make its way back into the White House; in April, White House Chief of Staff Susie Wiles and other officials met with Dario Amodei, the CEO and cofounder, to discuss the technology's national security implications. Additional details, such as when the S-1 will be viewable or what Anthropic's potential timeline to IPO might look like, haven't yet been disclosed. Get 1 Smart Business Story delivered straight to your inbox when you subscribe to Inc.'s free daily newsletter.

Anthropic hits $965B valuation with latest funding round, overtaking OpenAI

Anthropic raked in $65 billion from investors at a $965 billion valuation in its latest funding round, overtaking OpenAI's most recent valuation as the two AI startups race to go public. The company announced the additional financing Thursday, with investment firms Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital leading the round. It marks a massive gain in value for Anthropic, which just three months ago raised $30 billion at a $380 billion valuation. The company leap-frogs OpenAI, whose latest funding round in February put the ChatGPT maker at $852 billion. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," Krishna Rao, Anthropic's chief financial officer, said in a statement. Both Anthropic and OpenAI are widely expected to go public this year, as the pair of AI rivals seek access to additional funding to cover the vast amount of computing power required to continue developing the technology. Elon Musk's SpaceX, which is also considered part of the AI horse race following its merger with xAI, has already filed for an initial public offering (IPO). It is reportedly eyeing a $1.75 trillion valuation. Anthropic's latest funding round comes as the company separately announced Thursday that it plans to release its Mythos model more widely. Last month, it offered a limited group of companies and government agencies early access to the new, more powerful model. The model, which can spot decades-old security flaws, sparked concerns that it could boost the capabilities of hackers to find and exploit these vulnerabilities in critical systems. "Models of this capability level require stronger cyber safeguards before they can be generally released," the company noted in a press release. "We're making swift progress on developing these safeguards and expect to be able to bring Mythos-class models to all our customers in the coming weeks."

Anthropic launches Claude Opus 4.8, raises $65B in new funding

Anthropic PBC today introduced a new large language model, Claude Opus 4.8, that is significantly better than its predecessor at complex coding tasks. The company announced the LLM alongside another major business milestone. Anthropic has raised $65 billion in new funding at a $965 billion valuation to buy more computing infrastructure. The company evaluated Claude Opus 4.8's reasoning capabilities using Terminal-Bench 2.1, a benchmark that measures LLMs' ability to perform tasks in the command line. The model scored 74.2%, a 8.4% improvement over Claude Opus 4.7. Claude Opus 4.8 scored 4.9% higher on a more general-purpose coding test called SWE-Bench Pro. Additionally, Anthropic logged improvements across benchmarks that comprised computer use and financial analysis tasks. Claude Opus 4.8 includes optimizations that enable it to detect erroneous prompt responses. According to Anthropic, the model is four times less likely than its predecessor to output faulty code without pointing out the issue. It's also less prone to making unsupported claims and missing misuse attempts. Claude Opus 4.8 powers a new feature called dynamic workflows in Claude Code. The capability enables the programming assistant to perform complex tasks such as rewriting an entire application in a new language. According to Anthropic, Claude Opus 4.8 completes such projects by generating hundreds of AI agents that perform a small subset of the work. An upgraded "fast mode" setting enables Claude Code users to trade off some output quality for lower latency. It makes the tool quicker 150% and costs three times less than the previous iteration of the setting. The Claude chatbot and Claude Cowork, a tool designed to automate multi-step business tasks, are receiving a similar feature that makes it possible to toggle between different response speeds. Anthropic plans to follow up Claude Opus 4.8 with "Mythos-class models" that will become broadly available in the coming weeks. Claude Mythos Preview is an advanced LLM that made its debut last month. The model is adept at, among other tasks, finding cybersecurity vulnerabilities. Anthropic has only made Claude Mythos Preview available to a limited number of organizations over concerns that it could be misused by hackers. According to the company, its engineers are developing new guardrails that will address hacking risks. Anthropic expects that those guardrails will enable it to safely release Mythos-grade models to all its customers. Investor optimism about the revenue potential of Mythos-grade models may have been one of the contributors to Anthropic's valuation bump. At $965 billion, the company is now worth more than OpenAI Group PBC. Anthropic's revenue is already growing rapidly: the company disclosed today that its run rate has more than tripled to $47 billion in the past three months. Anthropic's Series H funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. The company listed Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN as co-lead investors. They were joined by more than a dozen others including Micron Inc., SK hynix Inc. and Samsung Electronics Co. The $65 million round includes about $15 billion in previously announced commitments from cloud providers. Amazon Web Services Inc. is investing $5 billion. Last month, AWS agreed to provide Anthropic with up to five gigawatts of new computing capacity. The LLM developer use the proceeds from its funding round to buy more infrastructure. Anthropic also plans to invest in AI safety initiatives and partnerships.

Anthropic confidentially files to go public; potential trillion-dollar IPO will test Wall Street appetite for AI companies

If Anthropic's offer goes ahead, it will test investor appetite for AI companies, which have commanded massive private valuations -- both Anthropic and OpenAI are within shouting distance of the trillion-dollar mark. Dario Amodei-led artificial intelligence (AI) company Anthropic, maker of the popular Claude chatbot and coding tool, among other things, confidentially filed draft papers in the US on Monday for an initial public offering (IPO). Rival OpenAI, led by Sam Altman, is also looking to raise money from the public but has not yet filed for an IPO. If Anthropic's offer goes ahead, it will test investor appetite for AI companies, which have commanded massive private valuations -- both Anthropic and OpenAI are within shouting distance of the trillion-dollar mark. The Anthropic filing adds to the buzz on Wall Street, coming as it does after the Elon Musk-led SpaceX's $75 billion IPO filing, which is expected to move the bourses in its own way. It was reported in May that OpenAI was preparing to confidentially file for a US IPO in the coming weeks. Confidential submissions let companies advance IPO preparations while shielding sensitive financial details from rivals and the public. Also Read: Anthropic IPO filing ratifies Wall Street's AI obsession Here's the lowdown on Anthropic: Staggering numbers Anthropic raised $65 billion at a post-money valuation of $965 billion in late May, putting it ahead of OpenAI. The company's valuation more than doubled from $380 billion in February, reflecting its swift rise as a leading contender in the AI race and intense investor demand for stakes in frontier companies. The company's revenue run rate crossed $47 billion earlier this month. The top line has been on steroids, going from $87 million in January 2024 to roughly $4 billion in July 2025, $14 billion this February, and $30 billion in April. Customer base Anthropic officially serves a customer base of over 300,000 business users. This is up from fewer than 1,000 just two years ago, with large accounts growing multifold in a single year. Anthropic doesn't publish exact figures for its free-tier consumer sign-ups. But web traffic analytics show that Claude.ai receives about 288 million monthly visits. The Claude mobile app has over 12.5 million monthly active users (MAUs), according to reports. Also Read: Anthropic's Claude writes 90% of code: CFO Krishna Rao reveals productivity gains Key growth drivers Unlike OpenAI, which relies on building a consumer subscriber base via ChatGPT, Anthropic focusses majorly on high annual contract value (ACV) enterprise deals. While Claude AI has good traction, Anthropic's revenue is driven by its agentic tools. According to Venture Beat, Claude Code hit $1 billion in annualized revenue within six months of its launch in February 2025. The product was generating over $2.5 billion in run-rate revenue in February this year. Anthropic has said Claude Code's weekly active users had doubled since January 1 and that business subscriptions had quadrupled since the start of 2026. Coming soon: Mythos The company made headlines recently for its unreleased frontier AI model, Claude Mythos, which is currently gated under "Project Glasswing" due to its extreme autonomous cybersecurity capabilities. Discovered by accident during training, Mythos possesses unprecedented reasoning that allows it to automatically find and exploit thousands of critical software vulnerabilities. The model is supposed to be released in a few weeks. In May, Anthropic launched an upgraded Claude Opus 4.8 model. The company said Opus 4.8 will be available for the same price as its predecessor and shows improvements across benchmarks, particularly in honesty.

Anthropic Takes First Step Toward IPO With Confidential SEC Filing

Anthropic has confidentially filed a draft Form S-1 with the U.S. Securities and Exchange Commission, giving the artificial intelligence company the option to go public after the SEC completes its review. Anthropic said it has not yet determined how many shares it would sell or what price it would seek in an offering. The disclosure was issued under Rule 135 of the Securities Act of 1933. The company said any offering activity would take place only through the registration process required under federal securities law. Founded in 2021 by former OpenAI employees, Anthropic has quickly established itself as a key player in artificial intelligence, building tools that are reshaping how businesses approach areas like coding and cybersecurity. Last month, Anthropic overtook OpenAI as the world's most valuable startup after raising $65 billion in Series H, valuing the company at $965 billion. Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital led the funding round. If Anthropic goes public at a $1 trillion valuation, it would instantly rank among the most valuable companies globally and could become the second- or third-largest IPO in history, trailing SpaceX and Saudi Aramco. Anthropic's CEO, Dario Amodei's net worth has already hit $7 billion, according to Forbes. The article also noted that the company's seven cofounders are now worth a combined $116 billion. The firm's latest AI model, Claude Opus 4.8, aims to deliver improved performance and new controls for customers and developers. Anthropic is in the midst of working on Project Glasswing, an AI-assisted security testing effort that more than 50 organizations are collaborating on. Anthropic released an update regarding the project last week. Last month, Anthropic hired former Amazon Web Services (AWS) threat intelligence specialist Dlshad Othman to join its safeguards group. Othman will focus on areas spanning influence operations, surveillance, and cyber threat investigations. The AI company also brought on the co-founder of OpenAI and former director of artificial intelligence and Autopilot Vison at Tesla, Andrej Karpathy. He is expected to create a new team focused on using Claude itself to speed up research on pre-training, an Anthropic spokesperson told TechCrunch. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Anthropic Raises $65B As It Scale Partnerships

'Claude is increasingly indispensable to our growing global community of customers,' Anthropic CFO Krishna Rao said. Artificial intelligence upstart Anthropic revealed that it has raised $65 billion in Series H funding, with some of that money going toward scaling partnerships and with Anthropic surpassing the valuation of rival OpenAI and more than doubling its previously disclosed valuation as the two invest in channel partner programs to grow market share in workplace AI. San Francisco-based Anthropic, maker of Claude and whose founders started the company after leaving ChatGPT maker OpenAI, puts its valuation at $965 billion post-money, according to an online post Thursday. That's more than double the $380 billion post-money valuation Anthropic disclosed in February. Anthropic also updated its run-rate revenue to more than $47 billion, more than triple the $14 billion disclosed in February, and upgraded its Claude Opus AI model to version 4.8. "Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs," Anthropic CFO Krishna Rao said in a statement. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens." [RELATED: Anthropic Forms AI Services Company Amid Claude Partner Network Push] Anthropic's $65B Series H Pushes Valuation to $965B CRN has reached out to Anthropic and OpenAI for comment. Eduardo Ramos, CEO of Austin, Texas-based solution provider Viewnear, is looking to differentiate his company in the partner ecosystems of Anthropic and data analytics vendor Snowflake by marrying expertise in both companies, Ramos told CRN in an interview. Viewnear has been building enterprise-grade production AI systems with governed Snowflake data anchored on Anthropic Claude, giving users goal-driven AI agents that can complete multi-step work with an outcome-based business model, Ramos said. "Anthropic, at the end of the day, they want partners that know Anthropic top to bottom," Ramos said. "We can bring in new accounts, co-sell accounts through them, and they want to sell capacity." Anthropic, OpenAI Channel Push Anthropic's channel investments this year have included rolling out the Claude Partner Network, which is receiving an initial $100 million investment and a new certification program. System integrators and other services partners currently lead work adopting Claude to organizations' core operations with hands-on engineering and deep familiarity with business needs, according to the vendor. Both Anthropic and OpenAI have also launched their own IT services operations. Solution providers have told CRN that they hope those IT services operations work with the vendors' respective partner ecosystems and share learnings and best practices as partners master new business models around AI, agents and tokens. In March, OpenAI disclosed that it raised a $122 billion round of funding in committed capital at a post-money valuation of $852 billion. Altimeter, Dragoneer and Sequoia participated in that round. OpenAI also disclosed at the time that enterprise makes up more than 40 percent of its total revenue and should reach parity with consumer revenue by the end of 2026. Anthropic CEO and co-founder Dario Amodei told CNBC in January that 80 percent of the company's revenue comes from enterprise sales and the rest from consumer. Claude Maker More Than Triples Run Rate Anthropic's newest round of funding comes three months after it disclosed a $30 billion Series G round of funding-with Microsoft and Nvidia counted among Anthropic's investors. Anthropic previously revealed that its run-rate revenue reached $14 billion, up tenfold annually over the past three years the company's been collecting revenue. The Claude maker plans to invest the money toward AI safety research, interpretability research, expanded compute, product scaling and partnership scaling. The vendor has expanded compute capacity with deals including up to five gigawatts from Amazon, up to five gigawatts of Tensor Processing Unit (TPU) capacity from Google and Broadcom and graphics processing unit (GPU) capacity from Elon Musk's SpaceX. Amazon Web Services is Anthropic's primary cloud provider and training partner. SpaceX has filed to go public while CNBC reports that OpenAI wants to go public as soon as September. TechCrunch put SpaceX's valuation target at $2 trillion with hopes of raising more than $75 billion from its initial public offering. Anthropic's IPO date is not yet known. Channel-Minded Investors Back Anthropic's Series H Investment firms that led the Series H round include Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Capital Group, Coatue, D1 Capital Partners, GIC, Iconiq and XN co-led the round. AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Co., General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness, T. Rowe Price and Temasek made "significant" investments, according to Anthropic. The round also includes $15 billion of previously committed investments from hyperscalers, with $5 billion from Amazon. Micron, Samsung and SK hynix have offered memory, storage, logic chips and other strategic infrastructure to Anthropic as it works to meet growing Claude demand, according to the vendor. Altimeter Capital's portfolio of channel-related investments includes DBT Labs, Hammerspace, Confluent and UiPath. Dragoneer's portfolio of channel-related investments includes ClickHouse, New Relic, Databricks, UiPath and Atlassian. Greenoaks' portfolio of channel-related investments includes Eon, Databricks and recent Google acquisition Wiz. Sequoia's portfolio of channel-related investments includes Alkira, Island, Versa Networks, Grafana, Fireworks AI, DBT Labs, Cohesity, UiPath, Eon, Wiz and Meter. Claude Opus 4.8 Upgrades Meanwhile, on the same day as the Series H announcement, Anthropic updated its Opus model to version 4.8 while still maintaining Opus' $5 per million input tokens and $25 per million output tokens. Fast mode is priced at $10 per million input tokens and $50 per million output tokens, according to the vendor. The new version is more likely to flag work uncertainties, less likely to make unsupported claims and less likely to allow its code flaws to pass unremarked, according to Anthropic. Opus 4.8 has lower rates of deception, cooperation with misuse and other misaligned behavior than 4.7. Opus 4.8 gains a dynamic workflows feature in research preview for more complex tasks including planning work and running hundreds of parallel subagents in a single session. The model verifies outputs before reporting back to users. Users can also choose how much effort Claude puts into a response, with Claude responding faster and using rate limits more slowly on lower effort settings and thinking more frequently, deeply and using rate limits faster on a higher effort setting. Users can also update Claude instructions mid-task without breaking prompt caches or routing updates through user turns. This enables permissions updates, token budgeting and environmental context as agents run, according to Anthropic. Opus 4.8's fast mode is three times cheaper than previous models and more than doubles model speed, according to Anthropic. The vendor alleges that Opus 4.8 beats OpenAI's GPT-5.5 and Google's Gemini 3.1 Pro in agentic coding, multidisciplinary reasoning, agentic computer use, knowledge work and agentic financial analysis.

Anthropic reaches near-trillion dollar valuation, topping OpenAI

Artificial intelligence company Anthropic said Thursday it had raised $65 billion in a new funding round that values the Claude maker at $965 billion, more than its archrival OpenAI, the maker of ChatGPT. The latest fundraising round confirms Anthropic's place as one of the most significant players in AI, with the startup led by Dario Amodei having drawn fans for its coding powers and state-of-the-art models. Anthropic's rise came by doubling down on delivering generative AI to enterprise clients rather than general users, the path initially chosen by OpenAI.

AI giant Anthropic confidentially files for US IPO

Anthropic has confidentially filed for a US IPO, marking a major step in the AI sector's expansion on Wall Street. The move highlights strong investor interest in artificial intelligence firms after rapid valuation gains, with the company recently valued at $965 billion, intensifying competition with rivals like OpenAI. AI giant Anthropic said on Monday it has confidentially filed for a U.S. ⁠initial ⁠public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy. The move sets up a ⁠high-stakes test of whether investor appetite for the ⁠AI revolution that has reshaped white-collar work around the world can match the sky-high expectations surrounding the booming sector. US MarketsPowered By As on 01 Jun 2026, 09:38 PM IST S&P 500 Top Gainers MGM Resorts International50.12(14.77%) Datadog273.46(10.56%) Salesforce210.21(10.00%) CDW137.75(9.80%) Gainers" S&P 500 Top Losers FedEx335.83(-18.44%) Coterra Energy32.56(-8.62%) Qualcomm232.89(-7.22%) Cboe Global Markets312.45(-6.33%) Losers" Anthropic did not disclose the size or terms of the offering. It last ⁠raised $65 billion at a post-money valuation of $965 billion in late May, putting it ahead of rival OpenAI.

Anthropic Becomes World's Most Valuable AI Startup at $965 Billion | PYMNTS.com

The round includes previously committed investments of $15 billion from hyperscalers, including $5 billion from Amazon, according to the release. It was reported in April that a valuation of more than $900 billion would push Anthropic past rival OpenAI to become the most valuable artificial intelligence startup in the world. Anthropic's new valuation is up from the $380 billion valuation it achieved in a February Series G funding round in which it raised $30 billion, and the $183 billion valuation it secured in a September Series F round in which it raised $13 billion. The company said in its Thursday press release that it will use the new funding to advance its safety and interpretability research, expand compute, and scale products and partnerships. Anthropic also said that since the February Series G, it has seen growing adoption of its Claude model among global enterprise customers. The company added that earlier this month, its run-rate revenue crossed $47 billion. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," Anthropic Chief Financial Officer Krishna Rao said in the release. The latest funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. It was reported May 20 that Anthropic is on track to post its first operating profit in the second quarter, less than a year after the company gave investors financial guidance that suggested it did not expect to turn a full-year profit until at least 2028. Anthropic announced in another Thursday press release that it launched Claude Opus 4.8 and that compared to this its predecessor, Opus 4.7, this new version delivers improvements across benchmarks and is a more effective collaborator. The benchmarks on which Opus 4.8 surpasses the previous model include coding, agentic skills, reasoning and practical knowledge work tasks, according to the release. "Early testers have found Claude Opus 4.8 to be more reliable and sharper in its judgment when it's performing agentic tasks," Anthropic said in the release. It was reported May 20 that demand for Anthropic's coding tools has been the company's primary growth driver.

Anthropic Hits $965 Billion Valuation In Latest Funding Round, Surpassing OpenAI

Anthropic overtook OpenAI as the world's most valuable startup after raising $65 billion in Series H, valuing the company at $965 billion. Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital led the funding round. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," said Krishna Rao, Chief Financial Officer of Anthropic. Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN co-led the effort. Significant investors in this round include AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Company, General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness LP, T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and Temasek. The fundraise also includes $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon. Micron, Samsung, and SK hynix joined the round as strategic infrastructure partners to "help scale our compute reliably at the pace our customers need," Anthropic noted. The announcement comes just as Anthropic rolled out Claude Opus 4.8. Anthropic Racks Up Partnerships Founded in 2021 by former OpenAI employees, Anthropic has quickly established itself as a key player in artificial intelligence, building tools that are reshaping how businesses approach areas like coding and cybersecurity. Last month, Anthropic reportedly met with investors about new financing that could value the company at $900 billion, more than doubling its $380 billion valuation in February. The company has recently expanded its compute capacity, signing agreements with Amazon for 5 gigawatts of new capacity and with Google and Broadcom for 5 gigawatts of next-generation TPU capacity. Anthropic also recently partnered with SpaceX for access to GPU capacity in its Colossus 1 and Colossus 2 plants. The firm's latest AI model, Claude Opus 4.8, aims to deliver improved performance and new controls for customers and developers, the company also announced this week. Anthropic is in the midst of working on Project Glasswing, an AI-assisted security testing effort that more than 50 organizations are collaborating on. Anthropic released an update regarding the project last week. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Who truly leads the AI industry now? Anthropic's $965 billion valuation and Claude Opus 4.8 launch reignite the battle for AI supremacy beyond OpenAI's early lead

Who truly leads the AI industry now? As Anthropic reaches a $965 billion valuation and launches Claude Opus 4.8, the AI race enters a new phase. Is OpenAI losing AI dominance despite its first-mover advantage, or does AI leadership now belong to the company winning in enterprise AI, advanced reasoning, coding performance, investor confidence, and large language model adoption? Anthropic has stunned the artificial intelligence industry after securing $65 billion in fresh funding. The Series H round pushed the Anthropic valuation to an extraordinary $965 billion post-money valuation. The funding instantly positioned Anthropic ahead of several global technology giants and intensified the competition with OpenAI, Google, and other leading AI developers. Investors including Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital backed the deal, signaling enormous confidence in Anthropic's long-term growth and dominance in generative artificial intelligence markets. The latest Anthropic funding round arrives during an aggressive expansion phase across the global AI sector. Enterprise demand for advanced AI assistants, coding models, and large language models continues accelerating rapidly. Anthropic said the newly raised capital will strengthen safety research, improve interpretability systems, expand cloud infrastructure, and scale enterprise partnerships worldwide. Anthropic takes the AI crown: Is OpenAI losing AI dominance despite its first-mover advantage in the AI race?The battle between OpenAI and Anthropic has evolved far beyond a competition between chatbots. OpenAI remains the undisputed leader in consumer AI adoption, with ChatGPT reportedly serving more than 900 million weekly users worldwide and maintaining the strongest brand recognition in artificial intelligence. The company also secured a historic $122 billion funding round earlier this year, giving it an estimated valuation of about $852 billion. Backed by Microsoft and a vast developer ecosystem, OpenAI continues to dominate consumer-facing AI, multimodal applications, and global mindshare. Its annualized revenue is estimated at more than $25 billion and is projected to grow significantly as AI adoption expands across industries. Anthropic, however, is rapidly emerging as the strongest challenger to OpenAI's leadership. The company recently reached a staggering $965 billion valuation after raising $65 billion in fresh capital, making it the most valuable private AI company in the world. Unlike OpenAI's consumer-first strategy, Anthropic has focused heavily on enterprise customers, advanced reasoning, coding, cybersecurity, and AI agents. Claude Opus 4.8 has strengthened that position by delivering major improvements in software development, financial analysis, long-duration workflows, and reliability. The company's annualized revenue has reportedly surpassed $47 billion, while strategic partnerships with Amazon, Samsung, Micron, and other major corporations have accelerated its expansion into large-scale business deployments. The deeper question is no longer who started the generative AI revolution, but who will define its next decade. OpenAI still possesses unmatched consumer reach, brand power, developer adoption, and ecosystem scale. Anthropic, meanwhile, is increasingly winning the metrics investors care most about: enterprise spending, revenue growth, valuation expansion, and trust in mission-critical AI systems. If OpenAI represents the company that introduced AI to the world, Anthropic is positioning itself as the company building the infrastructure businesses may rely on every day. The next phase of the AI race could ultimately be decided not by user numbers alone, but by who controls enterprise workflows, autonomous AI agents, and the foundation of the future digital economy. Anthropic has been explicit about its capital allocation priorities in a way few AI companies have. The $65 billion will be deployed across three pillars: advancing safety and interpretability research, expanding compute infrastructure, and scaling products and partnerships as demand for Claude continues to accelerate across every vertical it has entered. That sequencing is deliberate -- safety research is listed first, reflecting Anthropic's founding philosophy that understanding how frontier AI systems behave internally is not optional overhead but the prerequisite for deploying them responsibly at planetary scale. Interpretability research -- the science of reverse-engineering what neural networks actually compute, rather than treating them as opaque black boxes -- has been a signature Anthropic investment for years. Teams there have pioneered techniques like sparse dictionary learning on transformer activations and mechanistic interpretability probes that identify circuits responsible for specific behaviors inside large language models. With fresh capital of this magnitude, Anthropic can train substantially larger research clusters dedicated entirely to this domain, a capability no other AI lab currently matches at this level of resourcing. Claude Opus 4.8: What the new model means for enterprise AIClaude Opus 4.8 represents the sharpest iteration of Anthropic's constitutional AI training methodology applied to a frontier-class model. While full technical benchmarks will emerge as researchers probe the model's capabilities in coming weeks, Claude Opus 4.8 is positioned to extend Anthropic's leadership on the dimensions enterprise buyers weight most heavily: instruction-following fidelity, long-context coherence across multi-hundred-page documents, agentic task completion in multi-step workflows, and measurably lower rates of hallucination on factual retrieval tasks compared to prior Claude generations. The timing is strategically significant. Enterprise software procurement cycles have lengthened in the past twelve months as chief information officers demand demonstrated ROI before expanding generative AI contracts. A new flagship Claude Opus model released at the same moment the company announces the world's largest AI funding round resets those conversations: it gives sales teams a concrete technical milestone to point to, and gives procurement committees renewed confidence in Anthropic's long-term roadmap stability. For organizations that have already deployed Claude via the API or through Amazon Bedrock and Google Cloud's Vertex AI, Claude Opus 4.8 represents a drop-in capability upgrade within their existing integration architecture. Anthropic's position in the global AI raceAt $965 billion, Anthropic now sits in a tier of private company valuations that has no historical precedent in the technology industry. For context, this figure exceeds the market capitalization of every major financial institution globally except JPMorgan Chase, and it exceeds the GDP of most nations. It reflects something more than confidence in Claude as a product line -- it reflects the emerging consensus among institutional investors that safe, frontier AI infrastructure is the defining platform of the next technological epoch, and that Anthropic has positioned itself as the company most likely to build and steward that infrastructure responsibly. The company was founded in 2021 by Dario Amodei and Daniela Amodei, along with a founding team that departed OpenAI with the specific conviction that AI safety research needed to be structurally integrated into the model development process rather than treated as a separate compliance function. Five years later, that conviction has attracted not just venture capital but strategic investments from Amazon and Google, each of which has committed billions to Anthropic in exchange for cloud partnership agreements that distribute Claude's capabilities globally through their respective developer and enterprise ecosystems. FAQs: Q1. Why is Anthropic's $965 billion valuation creating massive buzz in the artificial intelligence industry? The Anthropic valuation has shocked global technology markets because it places the AI company among the world's most valuable private firms. Investors are betting heavily on Claude AI models, enterprise artificial intelligence growth, and rising demand for advanced generative AI systems. Q2. What makes Claude Opus 4.8 different from previous Anthropic AI models? Claude Opus 4.8 introduces stronger reasoning abilities, improved coding performance, and better contextual understanding for enterprise users. Anthropic says the upgraded AI model reduces hallucinations while improving reliability across business workflows, software engineering, and research tasks.

Anthropic eclipses OpenAI with valuation of $965 billion

Anthropic PBC has raised funding at a $965 billion valuation, overtaking rival OpenAI for the first time. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with each investing over $2 billion. Google and Amazon also joined as part of previously announced multibillion-dollar commitments to Anthropic. Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI's value for the first time. The funding, announced Thursday, was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Each of the lead investors put in more than $2 billion, according to people familiar with the matter. Sequoia declined to comment. The other three firms did not respond to a request for comment. US MarketsPowered By As on 29 May 2026, 01:30 AM IST S&P 500 Top Gainers Dollar Tree113.00(17.87%) Agilent Technologies135.38(16.87%) Best Buy Co74.74(15.80%) Hormel Foods23.59(12.55%) Gainers" S&P 500 Top Losers Coterra Energy32.56(-8.62%) Synopsys480.64(-8.61%) Tyson Foods62.00(-6.09%) Norfolk Southern307.88(-5.47%) Losers" Alphabet Inc.'s Google contributed several billion dollars to the round as part of a previously announced commitment to invest up to $40 billion in Anthropic over time, according to people familiar with the matter. Amazon.com Inc. invested $5 billion in the round, also as part of a prior commitment, Anthropic said in a blog post. Google declined to comment. Micron Technology Inc., Samsung Electronics Co. and SK Hynix Inc. also contributed an undisclosed amount, helping to push the round well above Anthropic's initial $30 billion target. The large round came together in a matter of weeks, a sign of strong investor demand for the Claude maker. In late April, Anthropic had been weighing whether to pursue new financing at a more than $900 billion valuation after receiving several inbound proposals, Bloomberg News has reported. The artificial intelligence startup then kicked off advanced discussions earlier this month. Founded in 2021 by a group of former OpenAI employees, Anthropic has since emerged as a leader in the AI sector. Anthropic has developed a series of AI tools aimed at overhauling the way businesses handle tasks from coding to cybersecurity. Anthropic and OpenAI are both expected to go public as soon as this fall, Bloomberg News has reported. Anthropic is still expected to proceed with an IPO on that timeline after the latest funding, one person said. Anthropic declined to comment. Anthropic expects to post $10.9 billion in revenue for the second quarter, more than doubling from the prior three-month period as demand surges for its AI software, Bloomberg News has reported. The company is also on pace for its first profitable quarter. The company has told investors that its annualized run rate revenue will surpass $50 billion by the end of next month, people familiar with the matter said. Anthropic's run rate, a metric that projects full-year revenue based on sales from a shorter period, was $4 billion in July of last year. OpenAI was most recently valued at $852 billion in a funding round completed in March. The company is expected to confidentially file draft paperwork to go public in the coming days or weeks.

Anthropic nears $1 trillion valuation following record-breaking funding round

Anthropic has announced a $65bn Series H funding round, bringing its post-money valuation to $965bn. The round was led by Altimeter Capital, Dragoneer, Green oaks and Sequoia Capital, underscoring the massive investor appetite for companies specializing in generative artificial intelligence. This capital raise also includes $15bn in previously committed investments from several major cloud providers, including a $5bn contribution from Amazon. Anthropic stated that product adoption continues to accelerate among large global enterprises, with its annualized revenue surpassing $47bn earlier this month. The AI specialist was previously valued at $380bn last February following a $30bn funding round. This latest transaction confirms the spectacular escalation of valuations within the AI sector, driven by record investments in infrastructure, advanced models, and the computing power required to develop the technology.

Anthropic Raises $65 Billion, Reaches $965 Billion Valuation

Artificial intelligence firm Anthropic announced on Thursday that it has secured $65 billion in private funding, elevating its valuation to an impressive $965 billion. This significant funding round positions Anthropic, the creator of the Claude chatbot, among the most valuable startups globally as it approaches a potential Wall Street debut. This latest announcement propels Anthropic ahead of its primary competitor, OpenAI, in terms of both market valuation and reported revenue. The company stated that it is now generating annualized revenue of $47 billion from clients utilizing Claude for various tasks, including coding and personal assistance. Funding and Market Position Founded in 2021 by former leaders from OpenAI, Anthropic has emerged as a formidable player in the AI sector. Alongside OpenAI and Elon Musk's SpaceX, all three companies are expected to pursue public trading, although they continue to report financial losses, raising concerns about a potential AI bubble. The funding round was spearheaded by notable investment firms, including Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. Anthropic's Chief Financial Officer, Krishna Rao, stated that this funding will enable the company to meet the historic demand for its services and enhance its research capabilities. Launch of New AI Model On the same day, Anthropic introduced its latest AI model, Claude Opus 4.8, which the company claims is superior in coding and professional tasks compared to earlier iterations. This development underscores the company's commitment to advancing its technology in response to increasing market demand. Competitive Landscape Despite Anthropic's rapid growth and the popularity of Claude, OpenAI continues to be a significant competitor. OpenAI recently reported a valuation of $852 billion following a $122 billion fundraising round, illustrating the intense competition within the AI industry. SpaceX's valuation has also surged, reaching $1.25 trillion after its merger with Musk's xAI earlier this year. Musk has announced plans for a major stock sale, which could attract significant investor interest in the coming weeks. Legal Challenges and Industry Influence Anthropic has encountered legal challenges this year, notably a dispute with the Trump administration regarding the use of AI tools like Claude in military applications. The company has initiated legal action in response to restrictions imposed by the administration. Additionally, Anthropic has been in discussions with the White House about the cybersecurity implications of its AI model, Mythos, which is not yet widely accessible. The company also played a role in discussions at the Vatican, contributing to Pope Leo XIV's call for robust AI regulation. AI Regulation and Ethical Considerations Pope Leo XIV's encyclical, titled "Magnifica Humanitas" (Magnificent Humanity), emphasized the necessity for AI developers to prioritize the common good over profit, highlighting the risks associated with concentrated power and data in the private sector.

Anthropic Secures $65 Billion Funding, Valuation Hits $965 Billion

Anthropic, an artificial intelligence company, announced on Thursday that it has secured $65 billion in private funding, raising its valuation to $965 billion. This significant funding positions Anthropic as one of the world's most valuable startups, particularly in the realm of AI technology. The funding announcement propels Anthropic ahead of its main competitor, OpenAI, in both market valuation and reported revenue. The company disclosed that it is generating an annualized revenue of $47 billion through the sale of its technology, particularly the Claude chatbot, which is utilized for various coding and personal tasks. Company Background and Market Position Founded in 2021 by former leaders from OpenAI, Anthropic has quickly positioned itself within the competitive AI landscape. Alongside OpenAI and SpaceX, which is also anticipated to become publicly traded, Anthropic is navigating the challenges of profitability, as all three companies currently report losses that raise concerns about a potential AI market bubble. Details of the Funding Round The recent funding round was spearheaded by notable investment firms including Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. This influx of capital is aimed at addressing the unprecedented demand for Anthropic's AI solutions, enhancing research capabilities, and expanding the reach of the Claude chatbot. Launch of New AI Model On the same day, Anthropic introduced its latest AI model, Claude Opus 4.8, which the company claims offers improved performance in coding and professional tasks compared to earlier iterations. This launch reflects Anthropic's commitment to innovation and meeting the evolving needs of its users. Comparison with Competitors As of March, OpenAI reported a valuation of $852 billion following a $122 billion funding round. SpaceX's valuation increased from $800 billion last year to $1.25 trillion after merging with Musk's xAI in February. These figures highlight the competitive nature of the AI industry and the rapid changes in company valuations.