Anthropic Races to Close $50B Funding Round at $900B+ Valuation, Surpassing OpenAI Ahead of Anticipated IPO

Anthropic is racing to close a massive $50 billion funding round within two weeks at a valuation exceeding $900 billion, surpassing OpenAI's $852 billion valuation, as the AI powerhouse reports over $30 billion in annual revenue and prepares for a highly anticipated IPO.

• Anthropic is asking investors to submit allocations within 48 hours for a roughly $50 billion fundraising round expected to close within two weeks at a valuation targeting $900 billion or higher.
• Soaring investor demand could push the final valuation above $900 billion, which would surpass rival OpenAI's recent $852 billion post-money valuation, more than doubling Anthropic's February valuation of $380 billion.
• Anthropic's annual revenue run rate has officially surpassed $30 billion, though sources place it closer to $40 billion, with this round expected to be the company's last private raise before a highly anticipated IPO later this year.