Anthropic Eyes $800bn Valuation in New Funding

Anthropic, maker of the Claude AI assistant, is fielding investor interest that could value the company at $800 billion or more, more than double its February valuation of $350 billion. The company is proceeding cautiously, with sources noting talks remain at an early stage and could fall through. The AI firm's rapid revenue growth is fuelling investor enthusiasm, with annual revenue reaching $30 billion, up from $19 billion just months earlier. Anthropic is also reportedly exploring an IPO as early as October, while navigating controversy over a Pentagon dispute and a new AI model deemed too dangerous for public release.