Anthropic in Talks for $30B-$50B Raise at $950B Valuation

Anthropic, the San Francisco-based artificial intelligence startup, is in discussions with investors to raise between $30 billion and $50 billion in new funding at a valuation of up to $950 billion, according to people familiar with the matter. The talks, which remain preliminary and could collapse, represent a potential 2.5-fold increase from the company's $380 billion valuation in a funding round completed three months ago.

If finalized, the deal could close as soon as the end of May and would value Anthropic higher than rival OpenAI, which reached an $852 billion valuation in a March fundraising. No term sheets have been signed, and Anthropic declined to comment. The proposed round underscores the intense investor appetite for leading AI firms amid surging demand for advanced models.

Anthropic has reported a $30 billion annualized revenue run rate, more than doubling from earlier figures this year. Chief Executive Dario Amodei highlighted the growth at the company's developer conference this month, stating, "I hope that 80 times growth doesn’t continue because that’s just crazy and it’s too hard to handle. I’m hoping for some more normal numbers." The company attributes its...