Overview
- Anthropic is discussing a $40 billion to $50 billion funding round that would value the AI firm between roughly $850 billion and $900 billion, and no term sheet has been signed.
- Such a deal would exceed OpenAI’s recent $852 billion valuation and could make Anthropic the most valuable private AI startup.
- The company plans to decide in May whether to proceed with the round, with a stock market listing under consideration as soon as October.
- Anthropic says its annualized revenue run rate is about $30 billion, with some reports putting it closer to $40 billion, led by enterprise tools like Claude Code and Cowork.
- The raise is aimed at locking in vast computing capacity to train and run models like Mythos, a restricted cybersecurity system, after new Amazon and Google/Broadcom deals secured up to 10 gigawatts alongside potential investments of up to $25 billion and up to $40 billion.