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Anthropic raises $65 billion in latest funding round, surpasses OpenAI valuation for the first time at $965 billion
Anthropic has raised $65 billion in its latest funding round, lifting its valuation to $965 billion and surpassing rival OpenAI's valuation for the first time. Google and Amazon each contributed several billion dollars to the round.
Anthropic has raised a massive $65 billion in its latest funding round, lifting the company's valuation to $965 billion and surpassing rival OpenAI's valuation for the first time. Google and Amazon each contributed several billion dollars to the round, underscoring the scale of investment flowing into the leading artificial intelligence companies.
The funding round represents a significant milestone in the intensifying competition between the two leading AI companies. Anthropic's decision to focus almost exclusively on enterprise customers appears to be paying dividends, with analysts noting the company is approaching a $50 billion annualised revenue run rate, currently limited primarily by available compute capacity rather than demand.
The amount of capital being deployed in the AI sector continues to reach extraordinary levels. Combined with SpaceX's upcoming IPO targeting a $1.8 trillion valuation, the technology funding landscape in 2026 has reached levels that some observers describe as unprecedented. Bloomberg reported that the sheer scale of investment is prompting questions about the sustainability of returns.
Market analysts highlighted that Anthropic's success in the enterprise segment has been the key differentiator. While OpenAI has pursued a broader consumer and enterprise strategy, Anthropic's focused approach on security, reliability, and enterprise tools has attracted a rapidly growing base of corporate customers. Pilot programmes across major organisations are increasingly moving into production deployment.
Despite Anthropic overtaking OpenAI in valuation, analysts cautioned that the AI race remains in its early stages and neither company should be counted out. The critical question going forward is whether the massive capital expenditure by hyperscale cloud providers will translate into sustained revenue growth, or whether spending will need to normalise in coming years as the market matures, Bloomberg reported.