Anthropic nears trillion-dollar valuation after massive $65 billion funding round fuels AI boom
Gulf investments, surging revenues, and rising competition with OpenAI and SpaceX signal a new global AI race ahead of expected IPO wave in 2026.
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American artificial intelligence company Anthropic made a historic leap in its market value after raising $65 billion in its latest funding round, bringing its valuation to about $965 billion, nearing the trillion-dollar mark, and surpassing the latest valuation of its competitor OpenAI, which stands at $852 billion.
The deal reflects the intense flow of investments into the artificial intelligence sector, amid increasing bets on continued global demand for advanced applications and tools relying on this technology across various economic sectors.
Gulf sovereign wealth funds emerged as significant backers of the company’s trajectory. The Qatar Investment Authority participated in a $13 billion funding round last year, while the UAE-based MGX, backed by Abu Dhabi, was among the entities that discussed joining a funding round potentially exceeding $20 billion.
Anthropic has recorded an annual revenue rate of $47 billion this month, more than five times its level at the beginning of the year, based on the company's recent financial performance.
In recent months, Anthropic has experienced a remarkable expansion phase led by its CEO, Dario Amodei, with its AI model “Claude” establishing itself as a leading competitor to OpenAI’s market dominance.
The company plans to use the new capital to expand its computational capabilities to meet the growing demand for its products, as access to advanced computational resources has become one of the most important arenas in the global AI race.