Anthropic Raises $65 Billion, Valuation Hits $965 Billion, Surpassing OpenAI

Anthropic raised $65 billion in a private funding round on May 29, 2026, lifting its valuation to $965 billion and overtaking OpenAI as the world’s most valuable artificial intelligence start-up. The deal eclipses OpenAI’s last reported valuation of $730 billion, intensifying the rivalry between the two AI firms. The funding round, one of the largest private capital raises in history, drew commitments from a consortium of institutional investors, though specific backers were not detailed. Anthropic plans to deploy the capital toward scaling its AI infrastructure and expanding enterprise services. The milestone underscores a heated competition in generative AI, where both companies race to commercialize advanced models. OpenAI’s valuation had previously set the benchmark, but Anthropic’s latest round signals investor confidence in its safety-focused approach and revenue trajectory amid soaring demand for AI tools.