GoKawiilDario Amodei, co-founder and chief executive officer of Anthropic, during the company's Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026.
Anthropic has been chasing OpenAI since the launch of ChatGPT in late 2022. It appears to have finally caught up.
The artificial intelligence startup, founded five years ago by former OpenAI execs, is in talks with investors to raise money at a $900 billion valuation, according to a person familiar with the matter. No term sheet has been signed and talks are ongoing, said the person who asked not to be named because the discussions are private.
An Anthropic spokesperson declined to comment. Bloomberg was first to report on the potential financing.
OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. Large contributions came from strategic investors, including up to $50 billion from Amazon , $30 billion from Nvidia and $30 billion from SoftBank.
Anthropic, meanwhile, was valued at $380 billion as of February.
As it's been racing to keep pace with OpenAI in recent years, Anthropic has become best known for developing a family of AI models called Claude.
The company released its latest model, Claude Opus 4.7, earlier this month, which it described as its best generally available offering. But just days prior, Anthropic captivated Wall Street by unveiling Claude Mythos Preview, a model with advanced cybersecurity capabilities that's only available to a select group of companies.
Mythos has sparked a number of high-profile meetings between members of the Trump administration, tech CEOs and bank executives in recent weeks, and the model is part of the reason Anthropic is seeking fresh capital. The company needs to be able to purchase the compute that it needs in order to run Mythos, said the source familiar with its plans.
Compute has been top of mind for Anthropic in recent weeks.
... continue reading