IBL News | New York
Anthropic has surpassed OpenAI as the world’s most valuable AI start-up after raising $65 billion, achieving a valuation of $900 billion, as the two San Francisco-based companies duel for supremacy in this technology. OpenAI, which kicked off the AI boom with the launch of ChatGPT in 2022, announced it had raised $122 villion in a funding round that put its value at $730 billion.
Both companies are planning to file for an initial public offering this year.
The new investment in Anthropic, led by Greenoaks Capital, Sequoia Capital, Altimeter Capital, and Dragoneer Investment Group, boosted Anthropic’s value two and a half times its previous valuation of $380 billion, about three months ago.
Anthropic has now raised more than $130 billion since its establishment. Its roster of investors includes Capital Group, Menlo Ventures, Iconiq Capital, and Lightspeed Venture Partners, as well as tech giants like Amazon and Google.
On the rise over the past few months, Anthropic is the creator of Claude, a chatbot (with Claude Opus 4.8 as its new flagship model), and Claude Code, code-writing software on which the company has built a robust business.
Recently, it released an AI security model, Mythos, capable of finding and exploiting hidden flaws in software. It also advised Pope Leo XIV on his encyclical warning about AI’s most disruptive effect.
By releasing new frontier models in April at higher API prices, Anthropic and OpenAI have found product-market fit by selling massive amounts of tokens across industries, according to an analyst. Coding agents burn a large number of tokens, and by charging $10-$20/month, the two start-ups won’t generate enough revenue to cover $1 trillion in infrastructure costs.