Anthropic PBC has begun evaluating a potential new round of funding that could value the artificial intelligence company at more than $900 billion, Bloomberg News reported, citing people familiar with the matter, a move that could overtake rival OpenAI as the world’s most valuable artificial intelligence startup.
Creator Claude is considering investor proposals that could more than double its current valuation, the report said, citing sources who requested anonymity because the discussions are private. Negotiations remain at a very early stage and the company has not yet accepted any offers, according to Bloomberg.
Antropic previously rejected several inbound financing proposals that would have valued it at $800 billion or more, Bloomberg News previously reported.
The latest discussions, which were not previously reported, come as Anthropic ramps up efforts to raise capital following strong demand for its AI products. The company is also considering an initial public offering as early as October and is looking for additional infrastructure to support growing usage, Bloomberg reported.
Anthropic declined to comment on the development, according to Bloomberg.
Google recently committed $10 billion to Anthropic at a $350 billion valuation, matching a funding round in February, Bloomberg reported. The Alphabet-owned firm can invest up to an additional $30 billion if certain performance targets are met.
Amazon is also investing $5 billion in the same amount, with plans to deploy up to $20 billion more over time. It remains unclear whether either company will participate in a potential new round, the report added.
Founded in 2021 by former OpenAI employees, Anthropic has become a key player in the AI sector, developing tools aimed at reshaping how businesses handle tasks like coding and cybersecurity.
Earlier this month, the company unveiled a new model, Mythos, designed to identify and exploit vulnerabilities in critical software systems. Due to security concerns, access was restricted to a small group of organizations, although Bloomberg reported that some unauthorized users managed to gain access.
As Anthropic gains traction, it increases competitive pressure on OpenAI, which is also expected to go public this year. ChatGPT’s creator reportedly missed some revenue and user growth targets due to growing competition from Anthropic and Google, Bloomberg said.
OpenAI has since streamlined its product portfolio and focused more on AI agents and a new model. It was last valued at $852 billion in a funding round completed in March, according to Bloomberg
