Anthropic has finalized a $65 billion funding deal that values the company at $965 billion, surpassing rival OpenAI's...

Anthropic has finalized a $65 billion funding deal that values the company at $965 billion, surpassing rival OpenAI's valuation for the first time (Digitimes, Bloomberg, FT). The round, which closed on May 28, 2026, marks a dramatic leap from Anthropic's previous valuation and underscores investor appetite for frontier AI models. The company also announced plans to go public later this year, alongside SpaceX and OpenAI (CNBC).

Anthropic's momentum is further bolstered by its Mythos model, which has triggered a cybersecurity arms race and prompted major investments from IBM and others (CNBC). The company's CEO warned of a 6-12 month window to patch vulnerabilities before Chinese AI catches up (CNBC), signaling continued demand for Anthropic's capabilities.

The valuation event is a clear positive signal for Anthropic's growth trajectory and its ability to attract capital for AI infrastructure buildout. Spillover effects include increased pressure on OpenAI and potential ripple effects across AI infrastructure supply chains.