Anthropic is set to close a round exceeding $30 billion at a valuation above $900 billion, co-led by Sequoia, Dragoneer, Altimeter and Greenoaks. The deal would vault it past OpenAI, last valued at $852 billion, to become the world's most valuable AI startup.
Why it matters
A $900 billion mark reorders the frontier-lab pecking order and signals investors still see Anthropic's enterprise revenue trajectory outrunning its soaring compute costs.
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