With nearly $1 trillion valuation, Anthropic dethrones OpenAI as most valuable AI company
Anthropic secured $65 billion in Series H funding, boosting its valuation to $965 billion and surpassing OpenAI, which was valued at $852 billion in March. The company’s revenue surged to a $47 billion run rate, driven by demand for its AI tools like Claude Code, while also facing legal challenges from the Pentagon over supply-chain risks and a secondary market valuation spike to $1 trillion.
Anthropic, a San Francisco-based AI startup, has overtaken OpenAI as the most valuable AI company after raising $65 billion in its latest funding round, pushing its valuation to $965 billion. The company announced the Series H funding on Thursday, citing surging demand for its AI tools, including Claude Code, which contributed to a $47 billion annual revenue run rate—up from $10 billion last year. This marks a significant leap over OpenAI, which held an $852 billion valuation following its $122 billion funding round in March. The valuation surge reflects strong secondary market activity, with Anthropic’s shares trading at a $1 trillion valuation on some platforms, including a 211% price increase over three months. Demand has grown so intense that one Silicon Valley investor reportedly offered a 14-acre estate in exchange for shares. Meanwhile, OpenAI’s secondary market demand has reportedly softened, following a legal setback in which Elon Musk’s lawsuit accusing the company of abandoning its founding mission was dismissed in Oakland, California. Anthropic’s rapid growth comes amid challenges, including a March designation by the Pentagon as a ‘supply-chain risk,’ which barred the company from working with the U.S. War Department and prohibited contractors from using its AI models. The company has since sued to contest the ruling, a case still pending in court. Additionally, Anthropic’s CEO, Dario Amodei, has faced scrutiny, including a Vatican appearance alongside Pope Leo to discuss AI ethics and human dignity in the age of artificial intelligence. The company also introduced its latest model, Claude Opus 4.8, and emphasized its commitment to expanding access to its AI tools, including Claude Code and Cowork. CFO Krishna Rao stated that the funding would help meet historic demand, maintain research leadership, and extend Claude’s reach to more workplaces. Anthropic’s IPO plans, along with those of OpenAI and SpaceX’s AI division, are expected to unfold this year, with SpaceX targeting a $1.5 trillion valuation for its upcoming public offering. The funding round was led by Altimeter, further solidifying Anthropic’s position as a major player in the AI industry. Despite regulatory and legal hurdles, the company’s financial momentum and innovative products continue to drive its ascent in the competitive AI landscape.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.