Anthropic, the artificial intelligence company founded by former OpenAI employees, has seen its valuation soar to $800 billion following major investments from Alphabet and Amazon, making it the third most valuable private firm globally behind SpaceX and OpenAI, according to Renaissance Capital. Alphabet is investing $10 billion in cash, with potential additional $30 billion if performance targets are met, at a valuation of $350 billion, multiple reports indicate. Amazon announced it will invest up to $25 billion in Anthropic, with $5 billion immediately and up to another $20 billion in the future as part of a new agreement, according to major media reports. The new funding could value Anthropic at $800 billion, double since February, sources said. OpenAI is valued at $500 billion, according to Renaissance Capital.
Anthropic is on track for sales of $14 billion over the next year, according to major media reports, though the company is not yet profitable. The AI giant could receive the equivalent of 370 billion SEK from the investments. Anthropic is preparing for a potential IPO as early as next autumn, sources said, though the timeline remains uncertain.
Anthropic differs from OpenAI in that it looks to sell to enterprises more than it does to the end consumer, so the business models are very different.
Anthropic has faced conflict with the Trump administration over military use of its AI technology. In February, the Trump administration ordered all U.S. agencies to stop using Anthropic's AI technology and imposed penalties for refusing to allow unrestricted military use, according to major media reports. President Trump, Defense Secretary Pete Hegseth and other officials publicly chastised Anthropic, accusing it of endangering national security. Anthropic CEO Dario Amodei refused to back down over concerns products could be used in ways violating safeguards, sources said. Anthropic challenged the government action as unprecedented and legally unsound, but a federal appeals court refused to block the Pentagon from blacklisting Anthropic. Anthropic resisted allowing the US Department of War to use its models for offensive military purposes and lost lucrative Pentagon contracts due to its stance, according to major media reports.
Anthropic focuses on enterprise adoption rather than broad consumer appeal, according to major media reports. According to Euronews, Ben Barringer, head of technology research at Quilter Cheviot, described Anthropic as differing from OpenAI in that it looks to sell to enterprises more than to the end consumer, so the business models are very different. Swedish companies' AI spending has exploded and is now the third largest external cost item, only beaten by advertising on Google and Meta, according to major media reports. Anthropic's Claude has overtaken OpenAI as the largest AI provider according to a report from Swedish fintech company Mynt, sources said.
Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it’s in such hot demand.
Anthropic and Amazon have partnered since 2023. Anthropic has agreed to commit more than $100 billion to Amazon's AWS cloud platform over 10 years, according to major media reports. Anthropic will secure up to 5 gigawatts of Amazon's Trainium chips, sources said. AWS customers will be able to access the full Anthropic-native Claude console from within AWS, according to major media reports. 100,000 customers run Anthropic Claude models on AWS, sources said. Amazon CEO Andy Jassy said in a press conference: "Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it's in such hot demand."
Anthropic's latest model is called Mythos, according to major media reports. US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell held an urgent closed-door meeting with major bank CEOs last week in Washington to warn about systemic risks from Anthropic's Mythos model, according to major media reports.
Anthropic was founded by ex-OpenAI employees in 2021 and released the first version of Claude in 2023, according to major media reports.
Several uncertainties remain. The exact current valuation of Anthropic is disputed: some sources report $800 billion, while others cite $380 billion or $350 billion, reflecting different funding rounds or points in time. Anthropic's actual revenue run-rate is unclear, with some reports suggesting $30 billion and others $14 billion over the next year. The specific performance targets for the additional $30 billion from Alphabet have not been disclosed. The status of the IPO timeline is uncertain, and the resolution of the government conflict over military use remains unclear.