Anthropic raises at $965 billion valuation, eclipsing OpenAI

Anthropic, once the lesser-known artificial intelligence competitor to OpenAI, has been on an inexorable rise over the past few months.

Institutional investors including Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round.

Pequeño is a breaking news reporter who covers tech and more.

The AI giant announced a $65 billion Series H financing at a $965 billion valuation on Thursday.