tech
How Anthropic Overtook OpenAI with US$965bn Valuation
US$65bn Series H funding pushes Anthropic ahead of OpenAI, as it nears trillion dollar valuation & eyes profitability in 2028, as both gear for 2026 IPOs
TL;DR
- Anthropic's Series H funding round of US$65bn has valued the company at US$965bn, surpassing OpenAI's valuation of US$852bn.
- The funding aims to address increasing AI adoption, scale partnerships and compute, and enhance safety research.
- Anthropic has expanded compute capacity through agreements with Amazon, Google, Broadcom, and SpaceX.
- Both Anthropic and OpenAI are planning for IPOs in 2026.
- Anthropic projects profitability in 2028, driven by enterprise customers, while OpenAI anticipates significant losses.
- Anthropic is the first frontier AI model available on AWS, Google Cloud, and Microsoft Azure simultaneously.