Anthropic Nears $900B+ Valuation in Final Private Round

Anthropic is closing in on a roughly $50 billion fundraise within two weeks, with investors given just 48 hours to submit allocations. Soaring demand could push the valuation beyond the $900 billion target, more than doubling its February valuation of $380 billion and surpassing rival OpenAI's $852 billion valuation. Some early backers are skipping the round, opting to wait for Anthropic's anticipated IPO later this year. The raise is expected to be the company's last private round, funding its computing needs as its annual revenue run rate approaches $40 billion.