Anthropic's $965B Valuation Tops OpenAI: AI Race Heats Up

Anthropic, the maker of the AI tool Claude, has announced it raised $65 billion in Series H funding. This funding round values the company at a reported $965 billion. This valuation surpasses rival OpenAI. The funding was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Anthropic's CFO, Krishna Rao, stated the capital will expand compute infrastructure, scale products, and invest in AI safety research. This comes as Claude expands into various finance workflows for large enterprises. What's interesting is this intensifies the race among AI companies to secure compute capacity and enterprise customers. This matters because the demand for AI infrastructure is rapidly growing across industries.