Anthropic Nears $1 Trillion Valuation in Talks for $30-50B Round

Anthropic is in talks with investors to raise between $30 billion and $50 billion at a valuation approaching $1 trillion, according to the Financial Times. If completed, the round would surpass OpenAI's private-market valuation.

This follows Anthropic's $30B Series G in February 2026 valuing the company at $380B. The new funding focuses on computing infrastructure as GPU demands reach gigawatt-scale. Claude Code reached $2.5B annualized revenue by February 2026. The company partnered with Goldman Sachs, Blackstone, and Hellman & Friedman on a $1.5B enterprise venture. Reports suggest SpaceX partnership for compute and potential $10B additional Google investment.

Anthropic launched The Anthropic Institute and donated its Petri alignment toolkit to Meridian Labs. For the market, this signals the AI infrastructure race is entering a capital-intensive phase where only companies with tens of billions can compete at the frontier. For MENA sovereign funds invested in AI, Anthropic's ascent validates compute-first infrastructure investments.