Anthropic overtakes OpenAI to become the most valuable AI company

Anthropic raised $65 billion in new funding led by major investors, lifting its valuation to $965 billion.

That makes Anthropic the most valuable private AI company, surpassing OpenAI’s previous $852 billion valuation.

The company also said its revenue run rate hit $47 billion, helped by stronger adoption of Claude and related products.

The jump in valuation and revenue signals a shift in momentum among top AI firms and increases pressure on OpenAI ahead of a possible IPO.