Anthropic's $965B Valuation: Overtakes OpenAI

Anthropic has surpassed OpenAI in valuation, now standing at $965 billion after a significant $65 billion funding round. This makes it one of the largest private capital raises in technology history. The fundraising was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. This new valuation puts Anthropic ahead of OpenAI, which was recently valued at $730 billion. What's interesting is that Anthropic's annualized revenue run rate has already crossed $47 billion, showing strong commercial adoption. The company plans to use this new capital to expand compute capacity, advance AI safety research, and grow its Claude AI products and partnerships. This funding includes $15 billion from hyperscale technology partners, with $5 billion coming from Amazon. Infrastructure partners like Micron Technology also participated. The bottom line is this investment highlights the intense competition and investor confidence in leading AI developers, even amid concerns about costs and profitability.