Anthropic PBC, the AI outfit behind the Claude models, is fielding preemptive bids that could value it at more than $900 billion. Investors are circling with offers around $50 billion in fresh capital. That’s a sharp jump from its $380 billion mark just two months ago.
Bloomberg broke the story first, reporting that the San Francisco-based startup has kicked off internal talks on a new round. Sources say the offers range from $850 billion to $900 billion. Anthropic hasn’t committed yet. A board meeting in May could seal the decision, per TechCrunch.
Short timeline. Massive leap. From $61.5 billion in March 2025 to this.
The frenzy builds on earlier bids. Back in mid-April, VCs pitched $800 billion deals, which Anthropic rebuffed for now, according to Bloomberg. Now, with Claude’s enterprise traction, those numbers look tame. Revenue run rate hit $39 billion annually, fueled by Claude Code’s coding prowess. That edges out OpenAI’s $852 billion from March.
Big Tech Pours In, Secures Stakes Early
Amazon and Google aren’t waiting on the sidelines. Amazon pledged up to $25 billion more in April, starting with $5 billion upfront, tied to milestones and a $100 billion cloud spend commitment over a decade, as detailed by The New York Times. Google followed days later with a $40 billion package: $10 billion now at $350 billion valuation, plus $30 billion on targets. Both moves lock in influence while funding compute hunger.
These aren’t just checks. They’re bets on Anthropic outpacing rivals in agentic AI—systems that act autonomously. Claude Code, despite a recent degradation hiccup admitted in a post-mortem, drives enterprise wins. Users code faster, iterate better. Revenue doubled forecasts.
But $900 billion? Skeptics point to burn rates. AI training guzzles power, chips. Anthropic’s capex ties to those cloud deals. Still, secondary markets already imply $1 trillion, per Seeking Alpha notes on private trading.
Founders Dario and Daniela Amodei, ex-OpenAI, built safety-first. Claude refuses risky prompts more often. That appeals to boards wary of ChatGPT mishaps. Now, it pays off in dollars.
Path to Public Markets Looms Large
An IPO could hit as soon as October, Bloomberg whispers. That dangles 3x returns for fresh backers if it clears $1 trillion post-money. Series A holders already sit on 95x gains from $14 billion revenue ramp in three years.
Reuters confirms the $900 billion buzz, noting Anthropic’s silence when pressed. Reuters. CNBC echoes, calling it higher than OpenAI. The Information flagged the interest at that eye-watering level, contrasting prior rounds.
Risk here. Talks early. No deals inked. But momentum screams yes. OpenAI watches closely—its throne wobbles. Anthropic’s surge—from $183 billion in September 2025 to this—shows AI money flows to performers. Claude Code. Enterprise scale. Safety edge.
Investors pile in anyway. Why? Runway for next models. Claude 4 on deck, whispers say. Compute from Google, Amazon fuels it. Revenue proves demand.
One Bay Area banker even offered his $4.85 million estate for shares, betting big on the upside, per scattered reports. Extreme. Telling.
Anthropic leads now. For how long? OpenAI preps GPT-5.5. Competition bites. But at $900 billion, the message clear: Claude’s moment has arrived.
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