Anthropic PBC raised $65 billion [1] in a funding round that values the company at $965 billion [2] as of May 28, 2026 [3].

This valuation marks a significant shift in the artificial intelligence landscape, as the San Francisco-based company has now overtaken its primary rival, OpenAI, in total market value.

The company intends to use the new capital to fund safety and interpretability research [4]. This investment will also allow Anthropic to expand the compute capacity required for its Claude model, and scale its existing products and partnerships [4].

While some reports describe the valuation as nearly $1 trillion [5], the specific post-money figure is listed at $965 billion [2]. The surge in value reflects investor confidence in the company's ability to compete at the highest levels of large-scale model development.

The funding comes at a time of intense competition for hardware and talent in the U.S. AI sector. By securing this capital, Anthropic ensures it has the resources to maintain the infrastructure necessary for the next generation of AI capabilities.

Anthropic raised $65 billion in a funding round that values the company at $965 billion.

The valuation shift signals that the market no longer views OpenAI as the sole dominant force in generative AI. By prioritizing safety research and compute expansion, Anthropic is positioning itself to capture enterprise clients who prioritize reliability and interpretability over raw speed, potentially altering the competitive dynamics of the AI arms race.