Anthropic surpasses OpenAI after reaching a valuation of USD 965 billion

The San Francisco company, founded by former OpenAI workers, practically tripled its valuation in three months (380,000 million in February), after the closing of a new record financing round led by the investment funds Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.

“These funds will help us meet the historic demand we are experiencing, stay at the forefront of research and bring Claude to more workplaces,” said Krishna Rao, Anthropic’s chief financial officer.

The round also includes $15 billion of already announced commitments from cloud computing giantsincluding 5,000 million from Amazon.

The startup says its annualized revenue (a 12-month extrapolation of recent revenue) has surpassed the $47 billion threshold, up from $14 billion when it raised its funding round in February.

This jump illustrates the accelerated adoption of its professional tools, among which Claude Code, its programming assistant for developers, stands out.

Anthropic’s rise is based on a bet: to deliver generative AI as a priority to companies. OpenAI, for its part, had first opted for the consumer market, largely dominated by its ChatGPT model and Google’s Gemini tools.

This success, however, has been accompanied by great difficulties for Anthropic when it comes to meeting the demand for computing capacity, due to a lack of sufficient chips and servers.

To cope with the explosion of this demand, Anthropic recently signed agreements for several gigawatts of capacity with Amazon, Google and Broadcom, as well as a partnership with SpaceX, Elon Musk’s group.

Now valued above its main rival OpenAI, whose last tranche of financing in March placed it at 852 billion valuation, Anthropic is expected to go public by the end of the yearaccording to analysts and financial markets.

For its part, OpenAI is preparing to present its documentation prior to its IPO, according to several media outlets, while SpaceX published its file last week, on its way to a possible record for an IPO.