Anthropic has achieved a significant milestone by securing $65 billion in Series H funding, which has propelled its valuation to $965 billion. This funding round was led by notable firms including Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Following this development, Anthropic has surpassed OpenAI, which is currently valued at $852 billion.
Despite this impressive valuation, questions remain about the sustainability of Anthropic’s profitability. The company recently reported its first operating profit for a quarter, yet concerns persist regarding its accounting practices and the potential for future profitability. Anthropic has committed substantial resources to major corporations like Amazon and Google, with long-term investments totaling hundreds of billions over the next decade. Moreover, the company is expected to incur a short-term expenditure of $1.5 billion monthly to SpaceX.
The tech landscape is evolving rapidly, with Anthropic's revenue reportedly increasing significantly due to an influx of enterprise clients beginning in 2026. Changes to its Claude Code product have notably influenced the stock market, impacting software-as-a-service (SaaS) valuations. As a result, OpenAI has recently been perceived as lagging behind Anthropic in this competitive field.